Article: EADS.(BUSINESS BRIEFING)(joint venture of Airbus and Elbe Flugzeugwerke GmbH with Irkut)(Brief article)

EADS, representing Airbus, and Elbe Flugzeugwerke GmbH (EFW), EADS' freighter conversion centre based" in Dresden (Germany), have signed an agreement with Irkut, preparing the foundation of a Joint Venture responsible for the conversion of Airbus A320 family aircraft into freighters in Germany and Russia. The planned Joint Venture and the individual partners will design the conversions, manufacture the conversion kits, perform the conversions and market and sell the conversion services. Production is scheduled to start in 2010. The Joint Venture will be established based upon parity between the European partners Airbus and EFW and the initial Russian partner, Irkut. At a ...

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