Stock Groups

Germany’s MTU voices caution over Airbus output plans -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The Airbus logo is displayed on a Toulouse building, France, 11 March 2021. REUTERS/Stephane Mahe

MUNICH, (Reuters) – Germany’s MTU Aero Engines (OTC) has become the latest supplier to voice concern over Airbus’ plans for sharp rises in jet production.

Reiner Winkler (MTU chief executive) stated that the current target of 65 A320 family jets for summer 2023 will not be a problem.

He stated to analysts, “Then, we need to determine if market is able digest higher Airbus output together with 50 (Boeing) 737 MAX”

You have clearly heard some harsh words from lesserors. It is not clear if we reach 75.

He said earlier to reporters that “if we have sufficient lead time of about 1 or 2-years, this proposed rate (of 70 to 75%) would be manageable. But the real question is how much demand there really are.”

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by the exchanges. They are instead provided by market makers. As such, prices could be incorrect and different from market prices. This means that prices are only indicative and are not suitable for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]