Airbus signs partners to launch super jumbo
Saturday 18 January 1997
The four-nation consortium aims to find risk-sharing partners for 40 per cent of the aircraft, codenamed the A3XX, which is expected to cost at least $8bn to develop and should enter service in 2003.
The agreements signed yesterday are with Belairbus of Belgium and Fokker Aviation of the Netherlands, which was bought from the collapsed parent company by the Stork group last July. The two partners will get business worth about $2bn on the A3XX programme.
Alenia of Italy is already a risk-sharing partner on the A3XX and other backers are being sought in Korea and elsewhere in the Pacific Rim.
Earlier this week the four Airbus partners - British Aerospace, Aerospatiale of France, Daimler-Benz of Germany and Casa of Spain - signed a binding memorandum of understanding to convert the consortium into a limited company in 1999.
The partners have made the A3XX programme conditional on the restructuring of Airbus into a fully commercial company. Airbus expects to get authorisation to offer the A3XX to customers towards the end of next year with the formal go-ahead at the end of 1999.
Boeing of the US plans to launch its own super jumbo, the 747-600, at a cost of $5bn-$7bn but there are doubts whether the market will sustain two rival aircraft of that size.
The A3XX would initially be a double-decker aircraft with a range of 8,500 miles, seating 555 passengers in three classes. But a stretched version is also planned, seating 656 passengers in three-class and 990 in single- class configurations.
Boeing's stretched jumbo will seat 550 passengers in three classes, compared with a capacity of just over 400 in the 747.
- 1 Forget 'The Dress': Here are five of the biggest news stories you might have missed
- 2 The black and blue dress: Makers considering a white and gold version
- 3 PornHub turns masturbation into energy in bid to save the planet
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 5 Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
British are sexually uptight, dirty and drink too much – according to Spanish book
PornHub turns masturbation into energy in bid to save the planet
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
White and gold or blue and black – what colour is the dress? An eyewitness gives a definitive answer
Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
New theory could prove how life began and disprove God
This is what it's like to be dead, according to a guy who died for a bit
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
Russia's roadmap for annexing eastern Ukraine 'leaked from Vladimir Putin's office'
iJobs Money & Business
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...
£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...
£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...
£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...