Airbus 350 Is Launched Without State Aid

Oct. 6, 2005
Airbus shareholders backed the launch on Oct. 6 of the A350, a mid-size, long-haul aircraft to compete with Boeing's planned 787 Dreamliner, and agreed to temporarily forgo government aid to finance development costs. The European Aeronautic Defence and ...

Airbus shareholders backed the launch on Oct. 6 of the A350, a mid-size, long-haul aircraft to compete with Boeing's planned 787 Dreamliner, and agreed to temporarily forgo government aid to finance development costs. The European Aeronautic Defence and Space Company (EADS), which owns 80% of Airbus, said the decision to do without state assistance next year was aimed at facilitating a negotiated settlement to a U.S.-European Union subsidy dispute now before the World Trade Organization. But a U.S. trade official quickly dismissed the initiative and insisted that any state launch aid made available to Airbus was "unacceptable."

The move to begin production of the A350 was also backed by BAE Systems of Britain, holders of a 20% stake in Airbus.

Announcing approval of the A350 program, EADS said Airbus would not take immediate advantage of reimbursable government loans from Britain, France, Spain and Germany.

The EU and the U.S. are at loggerheads over state subsidies and assistance given to their respective civil aircraft manufacturers, with each accusing the other of breaching international competition rules.

Copyright Agence France-Presse, 2005

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!