Airbus gets green light for rescue plan
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Airbus handout released shows a computer generated image of the Airbus A350 XWB.Comment
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European aircraft manufacturer Airbus is sure to attain 300 million euros (400 million dollars) in savings this year from its Power8 restructuring program, chief executive Louis Gallois said ahead of the Paris Air Show.
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Airbus said Monday it wants suppliers to its A350 XWB mid-sized airliner to fund over 15 percent of the cost of the project, the company's 11.6 billion euro ($15.4 billion) answer to the Boeing 787 "Dreamliner."
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The board of European defence firm EADS approves a much-awaited restructuring plan for Airbus.
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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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The parent company of European plane manufacturer Airbus said on Monday it had finally approved a restructuring plan for the struggling group, ending months of political wrangling about job cuts.
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The Italian carrier reaches agreement on cutting cabin crews, the final part of a rescue plan vital for survival.
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Airbus  said on Monday funding for its wide bodied A350 plane remained open and might include a capital hike but cautioned that one airline might cancel orders for the new aircraft.
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European aerospace group Airbus and its parent EADS have said that they had suspended work on a long-awaited restructuring plan for Airbus, due to be unveiled on Tuesday, citing strains over national interests.
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Crisis-hit jet fuel supplier China Aviation Oil (CAO) has launched a rescue plan after running up $550m (Â£284m) in trading losses.
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PARIS -- Airbus, seeking to reverse its fortunes after a crushing year, faced a bruising battle Wednesday in presenting a plan expected to include massive job losses across Europe and the sale of a number of plants.
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PARIS  - European aircraft manufacturer Airbus SAS said Wednesday it still expects to receive government launch aid for its new A350 jet, a day after the EU and United States agreed to reopen negotiations on eliminating aircraft subsidies, averting a looming trade war.
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Airbus was given the go-ahead yesterday by its shareholders - EADS and BAE Systems - to start marketing its planned A350 mid-range aircraft to airlines, heralding
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The new Airbus chief executive has presented an audit of problems at the aircraft manufacturer as well as a vast recovery plan that could mean new delays for the A380 superjumbo airliner and job cuts.
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MILAN : Alitalia directors were expected to give formal backing to a four-year rescue plan that will free up a 400-million euro (486-million-dollar) state-backed loan to keep the carrier aloft.
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Airbus say it is 'business as usual' at its plant in Flintshire as staff wait to hear if they will be affected by delays in the A380 aircraft.
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Emergency services are at the scene after a light aircraft crash in south east Wales.