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Business / Finance

Airbus halted production at the plant in Tianjin

MQL5: Blogs Traders 06.02.2020 at 12:54

Blogs traders and analyst of financial markets

Airbus has extended the planned closing of the factory for final Assembly in Tianjin (China) as a result of an emergency caused by a coronavirus, said Wednesday the manufacturer of the aircraft, adding that he watches for any signs of impact on delivery.

it Seems that this is the first significant impact on aerospace production after the outbreak of the coronavirus death toll, which increased to almost 500 people.

Airbus said it plans to increase production at the plant to six A320 family aircraft per month. This is slightly more than 10% of production single-aisle Airbus, in the beginning of 2020 in comparison with the previous figure of four aircraft.