UPDATE: Airbus Plans Engineering Center In China In 2005
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HONG KONG (Dow Jones)--Airbus (ABI.YY) said Monday it plans to set up an engineering center in China next year. The center, which is expected to employ 200 people by end-2008, will work on a range
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On Tuesday, Airbus will roll out the first A380 from its factory in Toulouse, France.
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Airbus SAS, the world&#39;s biggest aircraft-maker, plans to source more parts for its planes from China and to set up an engineering base there, the head of the company&#39;s operations in the country said.
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Today, IBM (NYSE: IBM) announced the launch of China's first Energy Competency Center (ECC), a joint effort by IBM and Intel, at a press conference at the IBM China Business Innovation Center (CBIC), located in the Beijing Shangdi Information Industry Base.
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General Motors said the research center, to be built in Shanghai, would focus on developing hybrid technology and other designs.
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PARIS -- European aircraft builder Airbus believes it will deliver more aircraft than Boeing Co. at least through 2006, according to recent projections given by Airbus to suppliers.
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China BEIJING -- China plans to spend $3.85 billion during the next five years on developments including high-speed trains, wind power stations, and sea water desalination technology. About $942 million has already been allocated from the central budget, with the remaining money coming from companies, local governments, and institutes, the Ministry of Science and Technology said.
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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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LONDON Airbus predicted Wednesday that an average of 830 new passenger aircraft would be built each year for the next two decades, and that the new Airbus jumbo A380 will be so successful that Boeing will be forced to develop a competitor.
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Airbus  expects its delayed A380 superjumbo to receive technical certification by December 13, a senior company official said in remarks published in a local newspaper on Friday.
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Airbus kicked off a 10 billion euro ($13.2 billion) plan Monday to build its A350 XWB wide-bodied jet, which is designed to compete with Boeing's successful 787 and boost the fortunes of the troubled European planemaker.
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Airbus got tentative approval on Monday to market a new model to rival Boeing Co.&#39;s 7E7 from parent firm EADS, which said a final decision was expected next month.
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Air China Ltd. has signed an agreement with Airbus to buy 20 of its A330-200 aircraft, the Chinese flag carrier said Thursday.
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Airbus plans to source more parts for its planes from China and to establish an engineering base there, the head of the plane maker&#39;s Chinese operations said yesterday.
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The co-chief executive of EADS said the parent of the airplane manufacturer Airbus will be in a better position at the end of 2006 despite a turbulent year that saw major delays in the A380 superjumbo airliner program and a loss of ground to U.S. rival Boeing Co.
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China is considering a plan to develop large passenger jets in a long-term, multi-billion dollar project that it hopes would wean it from reliance on Boeing Co.  and Airbus, industry sources said on Monday.
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China, the world&#39;s hottest aviation market for Boeing and Airbus, has apparently decided to freeze new airplane purchases in 2005.