Super Airbus to create 10,000 UK jobs
Tuesday 08 September 1998
The new double-decker aircraft, carrying 480-600 passengers, could be in service in 2004, he said. Over the next 20 years there will be a market for more than 1,300 aircraft, worth more than pounds 200bn.
Dismissing claims from rival manufacturer Boeing that there is no need for such a large aircraft, Airbus said that from 2004 onward the A3XX is set to become the standard-setter for long-range travel.
The new airliner is vital to the future of the Airbus consortium, Mr Foregeard said. The economic benefits of the project would last for 40 years and bring in nearly pounds 20bn in export orders.
Earlier the German economics minister, Gunther Rexrodt, said the German government would like to see the super-jumbo jet built in the east German city of Rostock.
Plans to convert Airbus from a partnership into a single limited company which could be floated on the stock markets have slipped until the middle of 1999, Mr Foregeard said.
The plans have been held up by the reluctance of two of the partners, BAe and Daimler-Benz Aerospace, to form a joint company before the third key partner, Aerospatiale, is privatised. But a DASA spokesman yesterday denied French fears that it would merge with BAe without Aerospatiale.
Airbus yesterday confirmed a 3 per cent rise in its aircraft prices to follow a 5 per cent increase announced by Boeing.
Harry Stonecipher, Boeing's president, yesterday apologised to customers for delayed deliveries which he blamed on the company's arrogance and self-satisfaction.
- 1 What happens to your body when you give up sugar?
- 2 Ed Miliband less influential than One Direction's Louis Tomlinson by official Doncaster power list
- 3 Japanese island overrun with cats after population explodes
- 4 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
California teacher appears to have hanged herself in her classroom
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Ed Miliband less influential than One Direction's Louis Tomlinson by official Doncaster power list
Japanese island overrun with cats after population explodes
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
iJobs Money & Business
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...
£50000 - £60000 per annum + Excellent Salary: Austen Lloyd: An outstanding new...
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...