Airbus Boosts A350 Production as Boeing Delays Hit Ryanair; Major EU Airline Mergers Face Scrutiny
Airbus is set to increase its A350 production rate to 10 aircraft per month by 2026 to meet strong demand. In contrast, ongoing Boeing delivery delays are forcing Ryanair to cut its summer 2024 schedule due to a shortfall in 737 MAX aircraft. Meanwhile, the European Commission has launched in-depth investigations into two major potential airline consolidations. These include the Lufthansa Group’s proposed acquisition of a stake in ITA Airways and IAG's bid to fully acquire Air Europa. In positive financial news, Cathay Pacific has reported its first annual profit since 2019, marking a significant post-pandemic recovery.
Official Source: https://aviationweek.com/aerospacedailydepartments/daily-briefs-350
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