Airbus has told its supply-chain partners to be ready by July 2021 as it anticipates a strong recovery for the industry. Boeing’s deliveries have suffered for many months in the aftermath of two 737 MAX crashes and the subsequent suspension of deliveries and grounding of the fleet. Due to the COVID-19 pandemic, Airbus has cut production on several programs and is looking to hold underlying jet output at 40 percent below pre-pandemic plans for two years. Charlotte Ryan. That … On August 3, a key milestone was reached when the FAA released a 36-page document in which it proposes a new  AD that will allow the aircraft to return to service. With these new rates, Airbus preserves its ability to meet customer demand while protecting its ability to further adapt as the global market evolves. Find out more at www.forecastinternational.com. We expect Boeing to maintain the lead … In order to give you a better service Airbus uses cookies. News emerged last week the OEM is notifying supplies that they should be prepared to increase production of the A320 from 40/mo to 47/mo in the second half of next year. For over 45 years, Forecast International intelligence reports have been the aerospace and defense industry standard for accurate research, analysis, and projections. Turning to the orders race, in August, Boeing received orders for a total of eight jets, including three 737 MAX (737-8) narrowbodies for Polish charter airline Enter Air and three 737 MAX  aircraft for an undisclosed customer – the first MAX orders since November. On June 30, Airbus announced it plans to cut 14,000 jobs (5,000 in France, 5,100 in Germany, 900 in Spain, 1,700 in … It is cutting the A320 rate to 40 aircraft per month, down from an average of over 53 aircraft per month in 2019. At Airbus, protecting our people and supporting the fight against the virus are our chief priorities at this time. In 2019, Boeing’s book-to-bill ratio was negative, while Airbus reported a book-to-bill of 0.89. The new average production rates going forward have been set as follows: This represents a reduction of the pre-coronavirus average rates of roughly one third. use of cookies After the attacks of Sept. 11, Airbus kept production rates elevated and used discounted lease rates to help the A320 gain market share among discount airlines. In comparison, Boeing’s backlog would “only” last 6.4 years at the 2018 level, which we use as a proxy for 2019 due to the severe drop in 737 MAX deliveries. We are in constant dialogue with our customers and supply chain partners as we are all going through these difficult times together”, said Airbus Chief Executive Officer Guillaume Faury. At the end of August, Airbus reported a backlog of 7,501 jets, of which 6,615, or 88 percent, were A220 and A320ceo/neo family narrowbodies. Mr. Oestergaard has a Master’s Degree in Finance and International Business from the Aarhus School of Business – Aarhus University in Denmark. It will produce the A330 at a rate of two per month, and the A350 at a rate of six per month. In its effort to support the fight against the COVID-19, Airbus has carried out extensive work in coordination with social partners to ensure the health and safety of its employees. The A330 and A350 programs are reduced to a rate of two and six aircraft per month, respectively. For the full year 2019, Airbus landed 1,131 gross orders (363 cancellations => net of 768), thereby retaking the orders crown from Boeing. Recently, Boeing carried out a second round of layoffs involving an additional 1,030 employees that left the company by the end of August. We expect Airbus to surpass Boeing in production rates in 2018, based in a number of assumptions. A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending. In the meantime, by the end of the year, Boeing expects to have reduced its global workforce by 10 percent, or 16,000 employees. For the full year 2018, Boeing booked 893 net new orders and 1,008 gross orders. Next, a Continued Airworthiness Notification to the International Community (CANIC) and an Airworthiness Directive (AD) will be issued, followed by the official ungrounding of the aircraft. After a solid commercial and industrial performance at the beginning of the year, Airbus (stock exchange symbol: AIR) is now revising its production rates downwards to adapt to the new Coronavirus market environment. In any case, it will be a few years before Boeing is able to hit the originally planned monthly production rate of 57 aircraft. This is 224 aircraft below the company’s all-time backlog record of 7,725 aircraft set in January 2020. Boeing has also announced that the 787 production rate is being reduced from 14 per month (rate at the start of the year) to just six per month during 2021.