EU vows continuing Airbus support
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The EU reiterates support for Airbus, amid reports that airline Lufthansa is mulling a major deal with rival Boeing.
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Airbus and Boeing will still dominate the market for large passenger aircraft 10 years from now despite the ambitions of Russia and China in this area, an Airbus executive said on Thursday.
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Arnaud Lagardere, chief executive of the Lagardere group, insisted Monday he would stay on the board of directors at Airbus manufacturer EADS despite an ongoing insider trading scandal.
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EADS, the European Aeronautic Defence and Space Company, is expecting deliveries of its Airbus aircraft maker to rise by 10 percent next year, the group's co-chairman Rainer Hertrich says.
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The European Union executive commission hopes for positive developments in the EU-US row over government aid to aircraft manufacturers Airbus and Boeing, a commission spokeswoman said.
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Incoming European Union trade chief Peter Mandelson said on Monday he was confident the EU would have a strong counter-case if the United States brought a claim to the World Trade Organization over aircraft subsidies.
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A top Boeing Co. official said on Friday he was optimistic the European Union would agree to end government aid to develop new aircraft, which has helped its chief rival Airbus grab more than half of the civil aircraft market.
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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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BEIJING, Aug.21(Xinhuanet) -- A top European Union economic official says he expects economic recovery to continue in the Euro zone despite soaring oil prices.
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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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The United States is to press the Europe to end subsidies to Airbus Industrie in talks Thursday, but the EU says any such cuts must be matched by pledges to slash government help for US plane maker Boeing.
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Airbus Chief Executive Louis Gallois on Wednesday urged politicians not to interfere with the European aircraft maker's plans to cut 10,000 jobs and spin off or close six European plants.
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President Bush pledged on Friday to work with Congress to comply with a WTO ruling in a row over payment of anti-dumping duties to U.S. companies, and said he expected the trade body to hold Europe to account over "unfair" subsidies to aircraft maker Airbus .
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Aircraft maker Airbus  on Thursday denied a report it was siding with Microsoft  in its anti-trust battle with the European Union.
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BRUSSELS - The United States is to press Europe to end subsidies to Airbus Industrie in talks on Thursday, but the EU says any such cuts must be matched by pledges to slash government help for US plane maker Boeing.
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Aircraft maker Airbus (EAD.PA: Quote, Profile, Research) insisted on Thursday it had no intention of taking sides in a Microsoft (MSFT.
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Incoming European Union trade chief  Peter Mandelson said on Monday he was confident the EU would  have a strong counter-case if the United States brought a claim  to the World Trade Organization over aircraft subsidies.