Safran stands firm on jet output, reviews part of Zodiac [Financial Post (Toronto, Ontario, Canada)]
SAFRAN SA UNSPON/ ADR (SAFRY)
NASDAQ:AMEX Investor Relations:
safran-group.com/finance/investor-relations
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Source: Financial Post
airline traffic in a continuing stand-off with Airbus over proposed increases in jetliner production. The French aeronautics supplier also placed almost a third of its recently acquired Zodiac Aerospace business under review, while targeting higher revenues and margins over five years. There's never been a better time to get into Canadian real estate Advertisement CEO Olivier Andries said Safran remained committed to building enough engines to allow Airbus to meet a firm output target of 65 A320s a month in 2023, up some 50% from crisis-hit levels, but that it was too early to commit to more. Advertisement Article content Airbus has asked suppliers to explore rates as high as 75 a month by 2025 based on its forecasts of strong demand for the sought-after medium-haul category as the pandemic eases. A decision on this would need to be made by mid-2022. Engine makers are cautious about joining planemakers, notably the current volume leader Airbus, in raising new output
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