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Airbus stands by plans for steep rise in output

European aircraft maker says demand has been strong and raises profit forecasts

Airbus has stood by its commitment to boost production, saying that demand from airlines coming out of the pandemic has been strong as air travel continues to recover.

The European plane maker’s bullish stance came as it raised its full-year profit guidance and cash flow target for the second time this year, and stood by an earlier target to deliver 600 aircraft by the end of 2021.

Shares in the company rose 2.8 per cent to €113 in morning trading on Thursday.

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