09:56 AM EDT, 04/26/2024 (MT Newswires) -- Boeing ( BA ) rival Airbus is increasing production of its A350 plane due to demand and not because of troubles at Boeing ( BA ), CNBC reported, citing an interview with Airbus Chief Financial Officer Thomas Toepfer.

"I would say it's clearly a reflection of the very strong commercial momentum that we see for the A350," Toepfer told CNBC when asked if the company was benefiting from instability at Boeing ( BA ).

Airbus said it plans to increase its A350 production to 12 aircraft a month in 2028.

"The strong momentum on widebody aircraft underpins our decision to increase the production rate," the company said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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