Airbus gets the green light to build the A350 XWB
PARIS - Airbus kicked off a $13.2 billion plan Monday to build its A350 XWB wide-bodied jet, which is designed to compete with Boeing’s successful 787
and boost the fortunes of the troubled European planemaker. CEO Louis Gallois told a news conference that the A350 will be funded through the savings
generated by a painful cost-cutting plan, from cash flow and from Airbus’ partners. The cost-saving plan was announced in the wake of delays to the
A380 superjumbo and management turmoil that has shaken the company and its parent, the European Aeronautic Defence & Space Co. EADS approved the
A350 plan on Friday. No timetable was released, and it remained
