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Airbus Presses on With New Plane Seen as Immune to Travel Slump

Airbus A321XLR aircraft

Airbus A321XLR aircraft

Source: Airbus SE

Airbus SE is stepping up development of its newest plane, pouring resources into the A321XLR even as it pulls back spending on other projects to save cash.

The jet, dubbed XLR for “extra long range,” would be the longest-distance version yet of Airbus’s top-selling A320-series narrow-body. It has racked up more than 450 orders since its launch last year, and the European planemaker sees it as resistant to the historic collapse in demand for aircraft brought on by the coronavirus.