Airbus has previously said it could lift production of A320neo planes to as high as 70 a month, based on market demand, and was in talks with its suppliers. Photo: ReutersLondon: Airbus SE and its suppliers have agreed to lift the target production rate for its A320neo model in response to strong demand for the narrow-body aircraft, according to people familiar with the matter. The company has previously said it could lift rates to as high as 70 a month, based on market demand, and was in talks with its suppliers. Shares of Airbus traded 0.5% lower at 94.99 euros as of 10:01 a.m. in Paris on Wednesday. The stock has gained 15% this year, valuing the company at almost 74 billion euros ($92 billion).

Source: Mint April 11, 2018 13:30 UTC