FAST FIVE: 'Secure Our Future' – Airbus CEO Warns Of Production And Job Cuts
It is about the necessary adjustment to the massive drop in production.
Faury doesn't expect a recovery in output until 2025: “After market studies and discussions with the airlines, we assume that the previous volume will be back by 2025 at the latest.
We expect that the demand for single-aisle aircraft will pick up faster than for the large-scale models.
We therefore currently expect the A320 family to gradually increase production from 2022/2023.
We anticipate low demand for wide-body aircraft over the next five years, as there was already an oversupply on the market before the crisis.