Airbus to increase A320 monthly production to 46 by 2016
Airbus has said it has increased its jetliner production, echoing plans by Boeing as they battle to meet record demand for more fuel-efficient planes, Reuters has reported. The European planemaker said it would raise output of its A320 family of small jets to 46 aircraft a month by the second quarter of 2016 from 42 now. Boeing’s rival jet aims to hit 47 a month by 2017. The increase means Airbus will be producing an A320 family jet, worth around $100m at list prices, every seven working hours.