3 Min Read (Reuters) -European shares closed at a record high on Thursday boosted by Airbus after the planemaker hiked its jet output targets, while German shares weakened after shares in pharmaceuticals maker Bayer were hit by a court ruling. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 21, 2021. REUTERS/Staff The pan-European STOXX 600 index rose 0.3% to 446.44 points, a record closing high. French planemaker Airbus jumped 9.2% after it set out sweeping goals to expand production of jetliners, as the airline industry recovers from the COVID-19 pandemic. German shares shed around 0.3%, lagging other regional markets, with Bayer the biggest drag on the DAX, falling 5.0%.