Airbus cuts production rate target for its A220 jet

By Tim Hepher PARIS (Reuters) -Europe's Airbus lowered a production target for its smallest jetliner on Wednesday, taking the gloss off forecast-beating quarterly profits at the rest of its commercial jetliner business as well as gains in helicopters and defence. The world's largest planemaker said it aims to speed up assembly for the Canadian-designed A220 to 12 jets a month in 2026, down from a previous targeted rate of 14, and blamed a mix of supply concerns and airlines waiting for upgraded engines. ...