The Traderszone Network

Published in TZ Latest News 17 October, 2014 by The TZ Newswire Staff

Airbus to cut A330 production rate in 2015

Planemaker Airbus (AIR.PA) will cut production rates of its A330 plane to nine a month from 10 in the fourth quarter of 2015 as it switches to a revamped version of the jet, the A330neo. Airbus launched the A330neo at Britain’s Farnborough airshow in July and it is due to enter service in the fourth quarter of 2017. Analysts had expected a production cut to six or eight a month for the traditional A330 over the next couple of years although Airbus has said it would seek to keep production levels fairly stable through the transition to the new version.