Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Airbus boosts output at U.S. plant amid tariff dispute

Published 01/09/2020, 11:17 AM
Updated 01/09/2020, 11:19 AM
Airbus boosts output at U.S. plant amid tariff dispute

PARIS (Reuters) - Airbus will increase production of A320-family jets at its Mobile, Alabama, plant to seven a month by the beginning of 2021, adding 275 jobs, the European planemaker said on Thursday.

Airbus (PA:AIR) currently produces close to six single-aisle jets a month at the plant and expects to reach that level in the next few weeks.

The increase comes as Airbus faces U.S. tariffs on aircraft assembled in Europe in a dispute over aircraft subsidies. Aircraft assembled at its U.S. plant and delivered to U.S. airlines are currently exempt from the 10% duties.

Airbus has previously said it envisages total capacity of eight aircraft a month in Mobile, where it began assembling aircraft from sections shipped from Europe in 2015.

Airbus reiterated on Thursday it aims to increase overall A320-family production to 63 a month in 2021.

It has begun producing the smaller A220 aircraft in Mobile and expects to make the first delivery in the third quarter, rising to four a month by the middle of the decade.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.