OK for Airbus&#39; A350 imminent
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TOULOUSE, France - Airbus hopes to get the green light within days to launch a new plane to rival to Boeing Co.&#39;s 7E7 &quot;Dreamliner,&quot; the head of the European planemaker said Tuesday.
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European aircraft maker Airbus has said its estimate of world demand for airliners in the next 20 years had leapt by 31.2 percent in two years to 22,700, with the value of the global aircraft market expected to hit 2.6 trillion dollars by 2025.
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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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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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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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The board of European aerospace group EADS is to meet this Friday to discuss the launch of the Airbus A350 passenger jet amid wrangling over the financing of the project.
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Struggling European aircraft maker Airbus is now looking at brighter skies thanks to rapid strides in the application of a restructuring plan and a possible new order for its A350, the head of the company said.
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Less than a week ago, Spanish carrier Air Europa provided a coup to Airbus when it became the first airline to commit to buying the A350, the wide-body jet derivative being offered as a rival to Boeing&#39;s 7E7.
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Airbus unveils its flagship A380 on Tuesday, the plane on which the company is betting its newfound status as the world's leading jet maker as well as the 10 billion euro (&#36;13 billion) cost of developing the "superjumbo."
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European aerospace group EADS has postponed until next week a board meeting on the future of the Airbus A350 XWB passenger jet programme, key shareholder Lagardere said.
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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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PARIS, Nov 29  - The European Aeronautic Defence and Space Company, parent of aircraft maker Airbus, will decide whether to launch the A350 aircraft, a possible competitor to Boeing&#39;s planned 7E7, on December 10, a spokeswoman for Airbus Industrie
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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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European plane maker Airbus finally won approval to press ahead with a rescue plan on Monday, clearing the way for major job cuts and signalling an end to Franco-German tensions over the restructuring of the company.
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Airbus might tap up to 1 billion euros ($1.25 billion) in controversial government loans to build a new A350 airplane model, which would be a rival to Boeing&#39;s new 7E7 jetliner.
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Airbus has been given the go-ahead to develop a new jet designed to compete with The Boeing Co.&#39;s new 7E7, according to reports by The Associated Press Friday.
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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