Eurofighter to cost several more billion euros: report
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The bill for the Eurofighter combat jets developed by a consortium of four European countries is going to cost over 10 billion euros more than expected, the German magazine Focus has reported.
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Turkish Airlines signed a 2.8-billion-dollar (2.22-billion-euro) contract with Airbus here to purchase 36 planes to bolster its ageing fleet.
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Ryanair will fly to seven new destinations from Italy&#39;s Orio al Serio airport as of next year and is to increase the number of aircraft based there, Europe&#39;s biggest low-cost airline says.
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Airbus SAS, the world&#39;s biggest planemaker, expects to deliver as many as 320 aircraft this year, or 5 percent more than it forecast earlier, as demand from airlines picks up, said Chief Executive Noel Forgeard.
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European plane maker Airbus   plans to agree in the coming week to sell four of its European  factories to U.S. group Spirit AeroSystems Holdings , a  German newspaper reported on Saturday.
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High fuel costs represent a &quot;major threat&quot; to airlines' profitability, although European carriers are better placed than their US rivals to withstand the impact, according to a report published Monday by credit rating agency Standard and Poor's.
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MUNICH, Germany  - Planemaker Airbus' A380  superjumbo project is running 1.45 billion euros ($1.93  billion) over budget because of work to improve the efficiency  and weight of the aircraft, the co-head of parent company EADS  said.
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Ryanair has ordered 32 next generation Boeing 737-800 planes at a cost of 2.25 billion dollars (1.78 billion euros) at catalogue price.
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Irish budget airline Ryanair has exercised an option to buy an additional 27 Boeing 737-800 jets worth 1.9 billion dollars (1.4 billion euros) at list prices, the two groups announced on Thursday.
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Two of Germany's seven Airbus plants are to be sold as part of a restructuring programme designed to cut costs at the European planemaker, the newspaper Bild reported Tuesday.Comment
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BAE Systems, the largest military contractor in Europe, said profit tripled last year as a result of expanded operations in the United States and the sale of its stake in the commercial airplane maker Airbus. BAE added that it expects continued strong growth this year, supported by increased military spending by the United States. BAE said profit last year rose to Â£1.64 billion ($3.2 billion) from Â£553 million in 2005. Revenue from continuing operations rose 9 percent, to Â£13.77 billion ($26.9 billion). The chief executive, Michael J. Turner, above, said BAE planned to use income from the sale of its stake in the European Aeronautic Defense and Space Company, the parent of Airbus, to make acquisitions.
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Saudi Arabia is to buy 72 Eurofighter Typhoons from the UK, in a deal that could be worth more than Â£6bn.
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The Irish aircraft leasing group AWAS has ordered 75 medium-haul Airbus A320 planes, worth 5.2 billion dollars (3.5 billion euros) at catalogue prices, Airbus announced on Wednesday.
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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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Britain, Germany, Italy and Spain have agreed to commit to the production of a second batch of Eurofighter aircraft and the project is awaiting the green light from the partners' individual parliaments, a Eurofighter spokesman said.
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The low-cost airline says rising oil costs could wipe as much as 40m euros from its profits - but vows not to bring in fuel surcharges.
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The wars in Iraq, Afghanistan and other anti terrorist efforts could cost the country $2.4 trillion over the next ten years, according to a report Wednesday.