The Traderszone Network

Published in TZ Latest News 14 September, 2015 by The TZ Newswire Staff

As Airbus opens U.S. factory, CEO sees plane output soaring

Airbus Group SA (AIR.PA) opened its first jetliner factory on U.S. soil on Monday and does not anticipate taking a hit to aircraft orders from the economic slowdown in China, Chief Executive Tom Enders said. The $600 million plant in Alabama will help Airbus meet plans to churn out 50 narrow body jets a month by 2017, up from 42 currently. Airbus is considering lifting that to 60 or more to meet a backlog of more than 5,400 planes.