Airbus’ decision to slash jet production faces crucial test – Gulf Today

Airbus’ decision to slash jet production faces crucial test – Gulf Today

An Airbus A320 manufacturing facility in Hamburg, Germany.. Airbus' decision to cut output of its best-selling jet by a third amid coronavirus marks a huge shift for the European planemaker, which has enjoyed virtually unbroken growth since it began competing toe-to-toe with Boeing almost 20 years ago.. Airbus has also shelved plans to create a new assembly line in Toulouse, France, for its A321 airliner as the company wrestles with the coronavirus crisis.. Airbus shares, which have fallen around 50% this year due to the crisis, wobbled but ended up 2% as several analysts said the company had acted swiftly to reset output.. British airline easyJet on Thursday said it would defer the delivery of 24 Airbus jets and hold a shareholder meeting after the airline's founder Stelios Haji-Ioannou stepped up a disagreement over the airline's expansion plans..