Airbus announces A350 redesign
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Airbus, reeling from a management shakeup that followed delays in its flagship superjumbo jet program, unveiled a long-awaited revamp of its mid-sized A350 on Monday.
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Airbus chief executive Louis Gallois said on Tuesday that the crisis-hit European plane manufacturer had turned the corner after a series of problems in the last few years.
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European aircraft manufacturer Airbus is sure to attain 300 million euros (400 million dollars) in savings this year from its Power8 restructuring program, chief executive Louis Gallois said ahead of the Paris Air Show.
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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 parent EADS  on Monday  postponed a major restructuring announcement planned for  Tuesday, saying its European political backers could not agree  on how to share out construction of its future A350 aircraft.
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Airbus has been given the go-ahead by its shareholders EADS and BAE Systems to market the A350, a new wide-body aircraft that will be a direct rival to Boeingâs 7E7 Dreamliner.
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The new chief executive of Airbus has outlined a vast restructuring plan for the ailing aircraft maker that could involve major job cuts and shifting more production out of Europe.
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Recently, Airbus chief executive Noel Forgeard hinted that the European plane maker may soon unveil plans for yet another new aircraft, even before the double-decker A380 takes its first test flight early next year.
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EADS is seen approving production of the Airbus A350 mid-sized jet to expand away from its troubled super jumbo.
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Airbus won approval for a redesigned midsize plane it hopes will compete against the Boeing 777 and the 787 Dreamliner.
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Engine maker Rolls-Royce has announced it has agreed to supply European aircraft manufacturer Airbus with a new Trent engine for use in the Airbus A350 XWB passenger jet.
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Planemaker Airbus threw a spectacular party Tuesday for the A380 superjumbo -- overweight, overbudget and still on the ground, but hailed by its makers as a major European feat that will reshape aviation.
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Airbus has delayed a restructuring plan that was expected later today, saying European nations can't agree how to share work on its next aircraft, the wide-body A350.Comment
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Troubled European aircraft maker Airbus could ask the British government for additional funding to help launch a revamped version of its 250-seater A350 jet.
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The owner of Airbus approves the building of the A350 jet and says it will fund most of the $13bn project itself.
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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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Troubled European aircraft manufacturer Airbus is to lift the veil Tuesday on a long-awaited restructuring plan that has already unsettled labor leaders and politicians in France and Germany.