EADS close to deal on Airbus A350 launch: source
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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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Airbus parent EADS said Thursday it was not planning any alliance with defense group Thales SA, dampening speculation that the French government-backed deal was imminent.
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The German government and DaimlerChrysler will reveal details next week of a deal enabling the car maker to sell part of its stake in European aerospace giant EADS while keeping it in German hands, a business daily has reported.
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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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Airbus parent EADS  on Monday postponed a major announcement on job cuts planned for Tuesday, saying European nations could not agree how to share out work on its next aircraft, the wide-bodied A350.
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Plane maker Airbus got tentative  approval on Monday to market a new model to rival Boeing Co.'s  7E7 from parent firm EADS, which said a final decision was  expected next month.
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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, the European aircraft maker, is expected to receive approval within weeks from its shareholders, EADS and BAE Systems, to start marketing the planned A350 mid
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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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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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Germany is hoping to reach by early 2008 an accord with France on protecting the European aerospace group EADS against hostile takeovers, a German official said in an interview to appear on Tuesday.
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France hopes to be able to  announce an agreement about a simplified management structure  for European defense group EADS  at a summit meeting on  Monday, but Germany is in no hurry to strike a deal.
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BERLIN : Rumours of a possible tie-up between French defence electronics group Thales and the European Aeronautic, Defence and Space Company (EADS) are to be discussed by the German and French economy ministers later this week, a German government
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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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The new chief executive of European airliner manufacturer Airbus is set to present a vast restructuring plan for the group to the board of parent company EADS, union sources told AFP.
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Directors at the European Aeronautic Defence and Space group are to consider the industrial launch of the Airbus 350 XWB on Friday, with the question of financing still unresolved, a French source close to the matter said.
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Shareholders in Airbus SAS have approved the launch of a new A350 passenger jet to rival Boeing Co.&#39;s 7E7, a spokesman for Airbus parent EADS said Friday.