Report says Airbus will increase output by a third

Airbus plans to increase its output capacity by a third till 2018. The European aircraft maker is a unit of European Aerospace Defence and Space NV Co. Airbus has booked some 1,200 orders for the A320 Neo aircraft, which is a fuel-saving aircraft. But sources say that the company’s management is also considering the effect of the economic slowdown on aircraft orders. (September 8, 2011)