Airbus given clearance for A380
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Airbus says its A380 super-jumbo has been cleared to take passengers by European and US authorities.
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LONDON: Cost overruns and political bickering will be set aside tomorrow at Airbus as the Toulouse-based planemaker unveils its mighty A380 double-decker, the biggest airliner ever built.
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Airbus was left with an empty order book for the cargo version of its much-delayed superjumbo plane after UPS Inc. said it would cancel its order for 10 A380s. The move comes just a week after UPS, the world's largest shipping carrier, and Airbus announced a revised agreement that gave either party the right to terminate the order.
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Airbus, a beacon of European technology, is in crisis and a fog of uncertainty following admission of new delays to its A380 superjumbo airliner.
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Airbus and its parent company EADS could disclose new delivery delays for the A380 superjumbo as well as a restructuring plan for the aircraft manufacturer following a meeting of EADS directors.
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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 is considering a transfer of A380 superjumbo production work to France from Germany and assembly of a planned A350 mid-sized jet could also be based at Toulouse, Chief Executive Christian Streiff said in an interview published Thursday.
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China signed a contract to buy 23 A319, A320 and A321 commercial jets from aircraft manufacturer Airbus in a deal worth close to 1.0 billion euros (1.34 billion dollars).
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The board of Airbus parent EADS   is expected on Tuesday to decide on a cost-cutting program and  assess the impact of the latest delay in its A380 superjumbo  plane, which one newspaper report said could now slow 2007  deliveries to just two aircraft.
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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 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 European consortium Airbus is consolidating its order book for the new A380 aircraft thanks to a highly symbolic US purchase a week before the official unveiling of the world's biggest passenger jet.
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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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TOULOUSE, France  - Airbus showed off its giant A380, a double-decked behemoth that could revolutionize long-haul flying, at a lavish ceremony Tuesday with European leaders gathered for the first official look at the world's largest passenger plane. Airbus SAS is betting its newfound status as the world's leading jet maker on the "superjumbo" that has a 79.85-metre wingspan, a tail as tall as a seven-storey building and cost &#36;13 billion US to develop.
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Airbus revealed new delays for its   troubled A380 superjumbo jet on Thursday, blaming a repeat of   wiring installation problems which have already pushed the   programme a year behind schedule and hit future profits.
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Airbus confirmed Wednesday that it will cut 10,000 jobs across its European operations as it struggled against a weak dollar and costly delays to its flagship A30 superjumbo.Comment
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The Airbus A380, the world's largest commercial airliner, took its first passengers aloft on a test flight, as the company announced a fresh management shakeup to grapple with delays plaguing the superjumbo.