Airbus 'to outsource A350 work'
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Planemaker Airbus denies claims it plans to outsource up to 50% of the work on its new A350 mid-sized aircraft.
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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 European aircraft manufacturer Airbus is to launch a new plane, the A350, that will challenge the future Boeing fuel-efficient 7E7, Airbus owners EADS and BAE Systems said.
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Airbus management began to outline a giant restructuring plan to employees following problems with its A380 superjumbo jet amid signs of political concern about the consequences of a major overhaul.
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Airbus plans to cut 5,000 jobs and  axe another 5,000 filled by contractors, bringing total job  cuts in its plants to 10,000 while limiting the impact on its  own workforce, industry sources said on Tuesday.
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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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European plane maker Airbus is to finally unveil its restructuring plan on Wednesday amid signs of growing frustration in its workforce and strong resistance from trade unions.
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The owners of Airbus approved the launch of a new A350 passenger jet Friday to rival Boeing&#39;s 7E7, a spokesman for Airbus parent EADS said.
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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 ...
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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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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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Airbus was at the center of mounting industrial tensions Tuesday as the European aircraft maker prepared to unveil a long-awaited restructuring program likely to include thousands of job cuts and the sale of ...Comment
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Airbus, steadily losing its market lead to Boeing Co., unveiled drastic plans Wednesday to follow in its U.S. rival's footsteps by cutting thousands of jobs, selling off manufacturing sites and outsourcing more work to external suppliers.
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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 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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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 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