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Airbus says net profit soared in 2014

Paris: Airbus says its net profit soared 59 percent last year as a record-high number of jet deliveries helped offset a 551 million euros end-of-year charge against its delayed A400M military transporter program.The European jet

India TV News Desk [ Updated: February 27, 2015 14:19 IST ]
airbus says net profit soared in 2014
airbus says net profit soared in 2014

Paris: Airbus says its net profit soared 59 percent last year as a record-high number of jet deliveries helped offset a 551 million euros end-of-year charge against its delayed A400M military transporter program.

The European jet maker said Friday it made a 2.34-billion-euros ($2.62 billion) net profit in 2014, up from 1.47 billion euros in 2013.

Boeing's chief rival in the $200 billion commercial aircraft market said it will ramp up production of its in-demand single-aisle A320 series of jets to 50 a month from 2017, from a planned 46 per month in 2016.

At the same time Airbus will cut production of its wide-body A330 series to six a month from early next year, from the current rate of 10 a month.

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