Optimistic on a stable rebound in the aviation industry, Airbus expects to deliver 720 commercial aircrafts this year.

Deliveries of new Airbus aircraft are set to grow 18% to a total of around 720 this year, the company said, surpassing the 2017 level but still far away from its record high of 863 planes.

“We have a lot on our plate for 2022,” chief executive Guillaume Faury has told reporters. “Ramping up production of our A320 family will remain at the heart of our priorities, and we will continue to work closely with our suppliers to make it happen.”

They delivered 611 commercial aircraft in 2021, up from 566 the year before. It’s an essential source of cash for aircraft manufacturers, driving revenue of 52.1 billion euros for Airbus last year.