Word: airbuses
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...RICHARD BRANSON, chairman of the British airline, on plans to install casinos and double beds in the carrier's fleet of six A380 superjumbos, unveiled by Airbus last week
...UNVEILED. The AIRBUS A380, the world's biggest passenger plane, at a VIP-packed gala in its hangar; in Toulouse, France. The result of a 10-year, $12 billion program linking construction plants in Britain, France, Germany and Spain, the A380 surpasses in size the U.S.-made Boeing 747, which has dominated the skies for 25 years. Airlines have already ordered more than 140 of the aircraft, which can carry up to 840 passengers on two decks. The first commercial flights are expected in spring...
Boeing CEO Harry Stonecipher spent last Christmas at his St. Petersburg, Florida, home. He wasn't happy about that. Angered because carriers like AirAsia and Air Berlin were buying rival Airbus planes, all too aware that the European manufacturer would soon be rolling out its 555-seat, double-decker A380 jumbo liner - and was also developing a smaller plane, the A350, to compete with his new baby, the Boeing 737 - Stonecipher had told his salespeople he would travel anywhere in the world, even on Christmas Day, if he was needed to close a deal. No one called. "That troubled...
...course, Airbus' majority stakeholders, EADS and BAE Systems, both have significant military businesses, too.) The Europeans thus don't see subsidies going to zero. Says Forgeard: "We want a level playing field with a level of support that is acceptable to both sides." The debate over subsidies is especially heated because the aircraft business is so precarious. Launch costs for a new aircraft can be enormous, with little guarantee that the market will reward innovation. In December 2003, Boeing announced it would build the twin- engine, highly efficient 7E7 - its first new airplane in a decade and its designated aircraft...
RAINER HERTRICH, co-CEO of Airbus parent company EADS, acknowledging the €1.45 billion cost overrun in the development of the Toulouse-based planemaker's A380 superjumbo...