Airbus tells suppliers to cut prices

Airbus is telling suppliers of its A320 family of jetliners to cut prices by at least 10 percent by 2019 in order to make the company's main cash cow more competitive, three people familiar with the matter said. The demand echoes rival Boeing's cost-cutting Partner for Success initiative, which has redrawn the relationship between suppliers and Boeing as the industry gears up for record output. Airbus has told suppliers that the prospect of increased volumes and a longer lifespan for its best-selling jet means it is time to review all options in its supply chain. (Source: Reuters, 09/25/15) Gulf Coast note: Airbus this month opened its newest A320 assembly line in Mobile, Ala.