Chinese bid for all six Airbus plants
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Business & money: Filton could be sold to state-owned corporation as aerospace industry rushes to invest in far east.
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Troubled planemaker Airbus  confirmed 10,000 job cuts and announced plans to sell all or  part of six factories on Wednesday, as workers protested and  European politicians hailed a hard-fought compromise.
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Airbus, the European aircraft maker, has scored a strategic victory over its US rival Boeing by capturing a key order for 40 new aircraft from AirAsia, the fast-growing Malaysian low-cost carrier.
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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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PARIS -- Airbus, seeking to reverse its fortunes after a crushing year, faced a bruising battle Wednesday in presenting a plan expected to include massive job losses across Europe and the sale of a number of plants.
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China Eastern Airlines Corp. said Friday it will buy six 737-700 airplanes from Boeing Co. for &#36;240 million.
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France, Germany and Russia will form a working group to study Moscow's role in EADS, the company that runs Airbus, Russia's president said Saturday.
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Airbus has received approval from its shareholders, EADS and BAE Systems to begin making firm commercial offers to launch customers for two new members of its wide-body Family.
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The aerospace giant Rolls-Royce has announced a deal potentially worth more than 500 million dollars (393 million euros) from Chinese regional carrier Hainan Airlines (HNA) to supply engines for its newly-acquired 50 Embraer jets.
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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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Nine more countries offer China  incentives to invest in oil and gas projects as it steps up its hunt for new supplies.
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Airbus plans to source more parts for its planes from China and to establish an engineering base there, the head of the plane maker&#39;s Chinese operations said yesterday.
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The European aerospace group EADS named on Wednesday three companies -- MT Aerospace of Germany, Latecoere of France and Britain's GKN -- to take over six plants being divested as part of a restructuring plan at its Airbus unit.
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China, the world&#39;s hottest aviation market for Boeing and Airbus, has apparently decided to freeze new airplane purchases in 2005.
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Thousands of striking Airbus workers demonstrated Tuesday in Toulouse, the European aircraft maker's headquarters, to protest plans to cut 10,000 jobs and spin off or close six European plants.Comment
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Airbus landed another blow in its battle with rival aircraft maker Boeing with an order which could be worth up to $6bn (more than Â£3bn).
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Turkish Airlines signed a 2.8-billion-dollar (2.22-billion-euro) contract with Airbus here to purchase 36 planes to bolster its ageing fleet.