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Article: European company approves Airbus A350 project
- Article from:
- Xinhua News Agency
- Article date:
- October 6, 2005
CopyrightCopyright 2005 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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European company approves Airbus A350 project
PARIS, Oct. 6 (Xinhua) -- The European Aeronautic Defense and
Space Company (EADS) announced Thursday shareholders in its Airbus
unit approved the launching of A350.
European aircraft maker Airbus is owned 80 percent by EADS and 20
percent by British BAE Systems.
EADS also said Airbus would temporarily put aside offers of
government loans from Britain, France, Spain and Germany, as trade
dispute is being developed between the European Union and United
States.
"Airbus, EADS and BAE Systems have decided that no disbursement
(of loans) should take place throughout 2006 as long as there is a
credible prospect of negotiations and similar ...