Airbus.(signs deal with Asian company for work on A3XX super jumbo jet)(Brief Article)

Europe, May, 2000

Airbus, the four-nation European aircraft company, signed up its first Asian risk-sharing partner for its planned A3XX super jumbo jet to challenge the monopoly of the Boeing 747. Getting Taiwan's Aerospace Industrial Development Corporation on board will help Airbus to find other Asian partners to take a stake in the $15 billion project for the double-decker plane that will carry between 450 and 650 passengers. Noel Forgeard, Airbus's managing director, said at least five airlines are ready to back the A3XX, making him "reasonably confident" the project will be launched by the end of the year.

Forgeard said one airline, believed to be Federal Express, is interested in a freight version and that Airbus is likely to launch passenger and freight versions at the...

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