Airbus Increases Jet Prices By 5.8 Percent

European planemaker says continued strength of the euro and increased cost of materials and commodities has forced it to raise prices for the first time in two years.

PARIS (AP) -- European planemaker Airbus says the continued strength of the euro has forced it to raise prices for the first time in two years.

Airbus says it has increased the catalog prices of its planes by an average of 5.8 percent. The planemaker didn't raise prices in 2009, when its customer airlines suffered the worst-ever fall in passenger demand.

Chief Salesman John Leahy said in a statement Friday that Airbus tried to keep prices down, but that ongoing dollar weakness and financial challenges ahead forced it to act.

The company says the increased cost of materials and commodities was also a factor.

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