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Airbus executive says jet market could absorb over 60 A320s a month

    AIRBUS
    161,340-0,17%
    TOULOUSE (Reuters) - Planemaker Airbus hinted at further production increases in its popular A320 series on Thursday, saying market demand would justify a leap to "more than 60 aircraft" a month.

    Sales chief John Leahy said anticipated demand already exceeded the planemaker's existing production goal of 50 planes a month and that AIRBUS (EAD.PA)was studying further increases.

    Airbus currently produces 42 of the medium-haul planes a month and has already set an output goal of 50 a month by the first quarter of 2017.

    Rival Boeing is looking at producing 52 of its competing 737 model a month by 2018.

    (Reporting by Tim Hepher; Editing by Victoria Bryan)

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