Airbus puts off planned ramp-up of A220 jet [Yahoo! Finance News]
AIRBUS SE UNSP/ADR (EADSY)
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Source: Yahoo! Finance News
FILE PHOTO: Employees work on an Airbus A220-300 at their facility in MirabelMONTREAL ) - Airbus SE is delaying its planned Canadian production ramp-up of its A220 jet by a year, a company spokeswoman said on Wednesday, as the coronavirus outbreak weighs on broader airline demand for aircraft.Airbus plans to start picking up production of the narrowbody jet from the current four per month by mid-2021 at its Mirabel facility near Montreal, Airbus spokeswoman Marcella Cortellazzi said.The company, which acquired the jet program from Canada's Bombardier Inc , had planned to produce 10 of the jets per month in the country by the middle of the decade.Airlines are preserving cash as air travel plummets, with coronavirus cases topping 615,000 in the United States and 2 million globally, according to a tally.Airbus' planned ramp-up of the jet at a second site in , Alabama, to four a month remains unchanged.Production at the company's Quebec plant has been paused from March 24 until at least
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