WASHINGTON/PARIS (Reuters) – Planemakers are looking at drastic cuts in wide-body production amid a slump in demand for the industry’s largest jetliners, manufacturing and supplier sources said on Thursday.
Deliveries of long-range jets like the Boeing 777 or 787 and Airbus A350 or A330 have been particularly badly hit as airlines seek deferrals and many withhold progress payments.
“At a minimum, the (Boeing (N:)) rate could fall by at least half,” one industry source said, speaking on condition of anonymity.
Airbus (PA:) also faces likely cuts in wide-body jet production, but no decision has been taken, the sources said.
Both planemakers declined comment.
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