|Bid||29.20 x N/A|
|Ask||29.40 x N/A|
|Day's Range||29.20 - 30.20|
|52 Week Range||22.20 - 31.40|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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The plane maker is rapidly boosting production of its two biggest aircraft models as it prepares to lure surging interest amid the recovery in international traffic.
Air India Ltd. ordered 470 jets from Boeing and Airbus SE, marking the largest deal for commercial aircraft in aviation history and coming as airlines scramble for jets to meet surging demand for air travel. The airline said it has agreed to purchase 250 Airbus jets and 220 Boeing planes, surpassing a deal for 460 planes by American Airlines in 2011. The deal is aimed at providing more planes to supply India, which is expected to be the fastest-growing major aviation market in the world.
LONDON— Airbus SE buoyed by its latest deal to sell wide-bodies to Air India Ltd., is planning to boost production rates of its two biggest models as it tries to capitalize on resurgent demand for long-haul travel, according to people familiar with the matter. Airbus slashed production of its wide-body planes at the onset of the pandemic, when travel restrictions and border closures brought international traffic to a near standstill and airlines were clamoring to cancel and defer aircraft orders. In October, Airbus Chief Executive Guillaume Faury said that the company’s bigger A350 model would move to a monthly production rate of six from five from early this year.