Airbus gets go-ahead for new A350
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Airbus parent EADS  decided on  Friday to go ahead with a new mid-sized jetliner to strike back  at Boeing  in their fight for market share and restore  pride shattered by delays to its A380 superjumbo.
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The board of European aerospace group EADS EAD.PA> gave the green light on Friday for the development of the Airbus A350, its latest design for a mid-sized jet, EADS said in a statement.
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The head of Airbus is not ruling out abandoning the Airbus A350 XWB project, a redesigned version of the planemaker's slow-selling mid-sized plane, because of the delays in the A380 superjumbo, the Financial Times reported.
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Diversified U.S. manufacturer Honeywell International Inc  said on Wednesday it signed a contract to provide three major systems for Airbus's new long-range, wide-body A350 aircraft, and expects to generate more than $16 billion in revenue over the projected 20- to 25-year life of the program.
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The board of European aerospace group EADS  is 90 percent certain to agree on Friday to finance the launch of Airbus's planned A350 mid-size, long-haul jet, a source close to the board told Reuters on Friday.
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European planemaker Airbus won approval from its shareholders on Friday to unleash a fresh marketing battle against arch-rival Boeing by seeking orders for a fuel-saving, wide-body jet to be called the A350.
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The president of European plane maker Airbus said on Saturday he hoped to win around 50 orders for the new wide-body jet A350 by next June.
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European planemaker Airbus won approval  from its shareholders on Friday to unleash a fresh marketing  battle against arch-rival Boeing by seeking orders for a  fuel-saving, wide-body jet to be called the A350.
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The board of European aerospace group  EADS  is 90 percent certain to agree on Friday to  finance the launch of Airbus's planned A350 mid-size, long-haul  jet, a source close to the board told Reuters on Friday.
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European plane-maker Airbus has warned it may need 15 years to catch up with and overtake US rival Boeing, while the co-chief executive at parent company EADS said plans for the new mid-size A350 jet might have to be scrapped.
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AIRBUS is close to ending the increasingly fevered speculation over whether it will launch a new aircraft in direct competition to the new Boeing 7E7 Dreamliner.
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Aviation authorities were set  on Tuesday to declare Airbus's mammoth new A380 aircraft safe  for commercial flight, capping six years of development for the  world's largest airliner, which has been hit by production  delays.
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European plane maker Airbus is to develop its A350 passenger jet, parent company EADS announced, ending months of speculation and handing a boost to the European aerospace industry.
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Planemaker Airbus confirmed on Monday that its newly approved A350 XWB would be funded by a combination of internal and external market sources and did not rule out taking government development loans.
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Airbus put its stamp on aviation history yesterday, unveiling the world's largest commercial jet and raising the stakes in its 35-year rivalry with Boeing Co.
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PARIS - Airbus is poised to win a $5.2 billion order from Malaysia&#39;s AirAsia for its A320 short-haul aircraft, pushing out rival Boeing, which had been the budget airline&#39;s sole supplier, The Wall Street Journal reported today.
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Airbus on Monday postponed a major announcement on job cuts planned for Tuesday, saying European nations could not agree how to share the work on the planemaker's next aircraft, the wide-body A350.Comment