The CEO of Airbus has defended the company's cautious outlook as the group revealed plans to boost production of its A320 aircraft after a profit hike in 2013.
"We have always been cautious people… we're making steady progress but it's hard work and there are a lot of uncertainties," Airbus Group CEO Tom Enders told CNBC on Wednesday.
Enders admitted that the company had faced some challenges over the past year, including a charge on the development of its newest model, the A350.
Higher-than-expected costs saw the company take a 434 million euro ($596 million) charge on the program, which Enders described as "not absolutely surprising."
But he added: "I still feel pretty good about the program, the program is running very well. We are on track with the target for this year, that is first deliveries for customers towards the end of the year."
Enders's comments came as the French aircraft maker – previously called EADS - said it would gradually increase production of its single-aisle A320 jets to 46 each month by the second quarter of 2016, from 42 currently.
It follows growing demand for more fuel-efficient aircraft from customers. In October last year, Boeing said it would increase production of its rival 737 jets to 47 each month by 2017.