Airbus to increase A320 monthly production to 46 by 2016

February 27, 2014 12:28 am

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.