Airbus slows planned production ramp-up

Airbus decided to pull back on planned production rate increases, citing "uncertainty in the financial markets." A320 family production will stay at 36 per month rather than being ramped up to 40 by 2010 as planned and A330 production will grow from eight to 10 per month but not up to 11 by 2010 as previously planned. "This is clearly the prudent thing to do," COO-Customers John Leahy told The Wall Street Journal. "We will reevaluate the situation in the first half of next year and decide ...