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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Airbus plans to expand production in 2024

An IAG Iberia's worker inspects an engine after transforming an Airbus 330 passenger aircraft into a cargo one in Madrid._REUTERS
An IAG Iberia's worker inspects an engine after transforming an Airbus 330 passenger aircraft into a cargo one in Madrid._REUTERS
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Frankfurt : The world's largest aircraft manufacturer, Airbus,plans to further ramp up its production in 2024.


Airbus will deliver around 800 commercial aircraft to customers in2024, around 65 more than in the previous year, the company announcedon Thursday while presenting its annual financial results in theFrench city of Toulouse.


Operating profits for Airbus, adjusted for special items, or adjustedEBIT, is expected to increase to between ?6.5 billion and ?7 billion($7 billion-$7.5 billion).


In the past year, Airbus achieved an adjusted operating profit of?5.8 billion, a 4% increase over the previous year, but slightly lessthan targeted by the company's executive board.


However, profits fell by 11% to ?3.8 billion due to high specialcharges in the defence and aerospace division.


In view of the company's full coffers, however, Airbus intends todistribute significantly more money to shareholders. In addition to astable regular dividend of ?1.80 per share, there is to be a specialextra dividend of ?1 per share.__dpa


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