Planemakers brace for sharp cuts in wide-body output: sources

Planemakers brace for sharp cuts in wide-body output: sources

© Reuters. A plane flies over the setting sun in the sky at Beijing International Airport

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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