Airbus Says It Can Finance Plane Project
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Airbus said Monday it will not seek government-backed financing for its new A350 XWB, avoiding another round of trans-Atlantic recriminations over aircraft subsidies.
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PARIS : European aircraft maker Airbus aims to apply for loans worth up to one billion euros (1.24 billion dollars) from European states for its new A350 airplane program, chief executive Noel Forgeard was quoted as saying in the Financial Times.
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Airbus majority owner EADS gives the go-ahead for the 3-4bn euro development of a jet to rival Boeing's planned 7E7.
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European aircraft maker Airbus SAS said it will apply for loans of up to euro1 billion (US$1.24 billion) from European governments to help finance development of its planned new A350 aircraft, the Financial Times reported Friday.
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The government, goaded by presidential candidates into responding to large job cuts at the airplane maker Airbus, said it was ready to pump cash into the company and shake up a Franco-German power-sharing pact. Prime Minister Dominique de Villepin also called on the parent of Airbus, the European Aeronautic Defense and Space Company, to abandon paying a dividend this year to its shareholders, which include the French government, after announcing plans to cut 10,000 jobs. Some 4,300 of those jobs are in France. Mr. Villepin, above, said the government stood ready to participate if the holding company decided to tap its shareholders for more cash through a capital increase to shore up a company badly hit by delays to the new Airbus A380 superjumbo airliner. âThe state will play its role,â he said. However, EADSâs biggest private shareholder, the German car company DaimlerChrysler, has battled for years to prevent what it regards as state meddling.
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European planemaker Airbus says that Thai Airways International plans to buy six of its double-decker A380 planes as part of a deal worth more than $2 billion (1 billion pounds) at list prices.
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Europe is willing to stop providing government loans to help Airbus develop new aircraft as long as the United States no longer provides similar aid for Boeing, a top European Union official said on Friday.
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European aircraft maker Airbus aims to apply for loans worth up to one billion euros (1.24 billion dollars) from European states for its new A350 airplane program, chief executive Noel Forgeard was quoted as saying in the Financial Times.
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Recently, Airbus chief executive Noel Forgeard hinted that the European plane maker may soon unveil plans for yet another new aircraft, even before the double-decker A380 takes its first test flight early next year.
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PARIS/TOULOUSE, France  - Airbus is eager to  produce a rival to Boeing Co.'s new 7E7 passenger jet and hopes  to make an announcement by the end of the year, the European  planemaker said on Tuesday.
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MESEBERG, Germany, Feb. 23 Germany and France support a fair division of the long-awaited restructuring of pan-European aircraft maker Airbus, the countries ' leaders said Friday.Comment
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BAE Systems has announced that shareholders have backed the proposed sale of its 20-percent holding in troubled European aircraft maker Airbus to Paris-based peer EADS.
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European aircraft maker Airbus has forecast that the global market for aircraft would reach 2.6 trillion dollars (2.02 trillion euros) in value by 2025, with total production at 22,700 planes.
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Airbus has been given the go-ahead to develop a new jet designed to compete with The Boeing Co.&#39;s new 7E7, according to reports by The Associated Press Friday.
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Planemaker Airbus said on Friday it had  raised its expected deliveries target for 2004 to as many as  320 planes and might tap up to 1 billion euros ($1.24 billion)  in controversial government loans to build a new model.
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The European aircraft manufacturer Airbus today announced plans for two versions of a wide-bodied passenger jet, which will see it go head-to-head with US competitor Boeing.
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European aircraft maker Airbus said Thursday that the global aircraft market would be worth 2.8 trillion dollars (1.9 trillion euros) by 2026, with total production at 24,300 planes.