Airbus to increase production

Europe's largest aerospace group, Airbus, has recorded a rise in full-year profits and company sources said it will increase output of its A320 jets.

Net income rose 21% to 3.6 billion euros in 2013, a year when Airbus delivered a record 626 planes. Revenue rose 5% to 59.3 billion euros.

Airbus sources said they expected to deliver a similar number of planes this year.

It would increase production of its A320 jets to 46 planes a month from 42 by 2016.