Airbus CEO sees production down 40% over the next two years

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“For the next two years – 2020/21 – we assume that production and deliveries will be 40% lower than originally planned,” Faury told Die Welt newspaper.

Airbus has so far said it could cut output by a third on average. On June 3, however, Reuters reported it was looking to hold underlying jet output at 40% below pre-pandemic plans for two years, adding pressure to cut thousands of jobs.