January 29, 2009

Airbus Avicopter JV Deal for A350 Plant in China



The parent company of Europe's Airbus (EADS) will sign a deal with Chinese aerospace firm Avicopter for a factory in Harbin to produce a special carbon-fiber composite, lighter than aluminum, for the delayed A350 plane when Chinese PM Wen Jiabao leaves Davos for Madrid. The A350 is Airbus's response to the Boeing Dreamliner. This is another blow to Boeing's market share in China...

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