Airbus fails to log any jet orders as airlines hunker down

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[TOULOUSE] Airbus SE failed to secure a single plane order in May after a global travel slump brought on by the coronavirus pandemic forced airline customers to pull back on spending commitments. Read more at The Business Times.

Indian budget airline IndiGo, one of the few airlines which has said it will continue to add to its fleet through the downturn, made up a quarter of the month's deliveries, taking six planes.

The latest delivery figures also show the lack of demand for wide-body aircraft in the market amid travel restrictions and predictions long-haul flights won't rebound until 2023. Just four of the 24 aircraft handed over to airlines in May were larger jetliners. Airbus chief executive officer Guillaume Faury said in April he would revisit production capacity this month, and executives are said to be assessing measures including reduced rates for the top-selling A320-family model.

The company's European Works Council is due to meet next week to discuss headcount reductions, people familiar with the matter have said. Any decision on staffing levels would likely go hand-in-hand with production changes, people familiar with the matter said, as Airbus seeks to keep labor representatives onboard.

 

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