Germany's MTU voices caution over Airbus output plans
Reuters
Published Oct 29, 2021 06:44AM ET
MUNICH (Reuters) - Germany's MTU Aero Engines (OTC:MTUAY) on Friday became the latest supplier to express caution over plans by Airbus for sharp increases in jet production.
MTU Chief Executive Reiner Winkler said a current firm target of 65 A320-family jets by summer 2023 would not pose a problem.
"Then we have to see as a second step if the market can really digest higher output from Airbus, together with something like 50 (Boeing (NYSE:BA) 737) MAX," he told analysts.
"You have heard some critical words from lessors, obviously. If we go to 75, I think it is still not yet clear."
Earlier, he told reporters: "If we have enough lead time, about 1 or 2 years, this (proposed rate of 70 to 75) would be manageable, but the question remains how large the demand really is".
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Written By: Reuters
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