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BUSINESS
March 2, 2007 | From the Associated Press
Financially troubled European airplane manufacturer Airbus has stopped work on the freight version of its new A380 super-jumbo so that it can focus more on the troubled passenger version of the aircraft, its parent company said Thursday. "The work on the freight version of the A380 has just been temporarily cut off ... so that all capacities can be directed at the A380 passenger version," said Michael Hauger, spokesman for European Aeronautic Defense & Space Co.
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BUSINESS
March 1, 2007 | From Reuters
Troubled plane maker Airbus confirmed 10,000 job cuts and announced plans to sell all or part of six factories Wednesday as workers protested and European politicians hailed a hard-fought compromise. Airbus Chief Executive Louis Gallois gave a stark vision of a Franco-German company needing to find billions of euros in savings and end nationalist infighting that he deemed "poison."
BUSINESS
February 27, 2007 | From the Associated Press
The board of Airbus parent EADS approved a restructuring plan for the troubled European aircraft maker Monday, breaking a weeklong deadlock over job cuts and future jet programs between France and Germany. The European Aeronautic Defense & Space Co. said details would be released Wednesday after they were passed through company ranks. The plan will allow the civil airliner division of Airbus to "face the challenge of the U.S.
BUSINESS
February 24, 2007 | From Bloomberg News
United Parcel Service Inc. and plane maker Airbus have agreed that either company can cancel an order this year for 10 A380 freighters after repeated production delays. UPS will decide whether to retain the $2.8-billion order after getting new delivery dates from Airbus, a UPS spokesman said Friday. The companies declined to provide details of the accord.
BUSINESS
February 15, 2007 | Jennifer Oldham, Times Staff Writer
Los Angeles officials lashed out Wednesday at Airbus, saying the European airplane maker reneged on a promise to bring its new A380 jetliner to Los Angeles International Airport on its first U.S. test flight. Airport officials called on Airbus to reconsider a recent decision to have the A380 -- the world's largest passenger jet -- touch down in New York next month on its first U.S. visit.
BUSINESS
January 19, 2007 | From Bloomberg News
Aircraft manufacturer Airbus may get assistance from European governments to help fund $15.4 billion in development costs for its A350 model, French Transport Minister Dominique Perben said. France and the other countries where Airbus has its main operations will keep an earlier commitment to help the company if it makes the request, though the aid may not be direct loans as in the past, Perben said.
BUSINESS
January 5, 2007 | Peter Pae, Times Staff Writer
Boeing Co. may finally have won back some bragging rights. The world's second-largest commercial aircraft maker said Thursday that it booked 1,044 orders for its airplanes last year, setting a company record that is likely to help Boeing beat its European archrival Airbus for the first time since 2000. Airbus, which plans to release its year-end results Jan.
BUSINESS
November 23, 2006 | From the Associated Press
Airbus unveiled a bullish long-term forecast for the global aircraft industry but said its share of new orders by value shrank to about 36% this year from 45% last year, as rival Boeing Co. grabbed more sales of mid-size and larger jets. The European plane maker's biennial market outlook, released Wednesday, predicted demand for 22,700 aircraft worth $2.6 trillion over the next two decades, a significant increase from its 2004 forecast of 17,300 planes worth $1.
BUSINESS
November 16, 2006 | From Bloomberg News
The U.S. set out its claims that European government spending on Airbus to develop new planes is illegal, fixing for the first time a deadline for a World Trade Organization decision on the fight with Boeing Co. The U.S. says Airbus, the world's biggest maker of commercial aircraft, has benefited from risk-free grants worth $23 billion over the last four decades. In September 2004, the U.S. asked WTO judges to find that the financing violated global subsidy rules.
BUSINESS
October 27, 2006 | From Bloomberg News
European plane maker Airbus won orders from China and a new U.S. airline worth $14.3 billion and said it would set up a plant in China to win a greater share of sales in the world's second-largest aviation market. The factory in China will be Airbus' first final assembly plant outside Europe. The Chinese order is worth $10 billion at list prices for 150 of the A320s. Airbus also won an order for 65 single-aisle A319 planes from Skybus Airlines Inc.
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