Airbus Lifts A350 Rate, Highlighting Edge Over Boeing
- European planemaker has benefited from trouble at arch rival
- Indigo placed order for as many as 100 A350 jets on Thursday
An Airbus SE A350-1000 aircraft during a flying display at the Singapore Airshow in Singapore in Feb.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Airbus SE will further increase production of its advanced A350 widebody jet as the planemaker benefits from surging demand and as arch-rival Boeing Co. remains absorbed in a crisis of confidence.
The European planemaker is moving to a rate of 12 A350 jets a month by 2028, superseding previous plans to reach 10 by 2026, it said as it reported figures for the first quarter. Earnings before interest and tax reached €577 million ($619 million), missing the €814 million forecast by analysts in a Bloomberg survey, amid higher costs.