Manufacturing Industry
Airbus facing problems with China deal due to EU arms embargo - report
Airline Industry Information, Dec 3, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
The Wall Street Journal has reported that a USD1.4bn deal between China and European aircraft manufacturer Airbus is being held up because of a European Union arms embargo.
China has reportedly refused to sign off on the deal for five new A380 superjumbo aircraft because of the 15-year-old ban on Europeans selling military equipment to China.
A spokesperson for the China Aviation Supplies Import and Export Group said that Chinese airlines and regulators had reached preliminary agreement for an unspecified number of A380s but the deal was stuck on the arms embargo issue. Airbus is hoping to expand rapidly in China and is planning to open production facilities in the country, reports Reuters.
((Comments on this story may be sent to aii.feedback@m2.com))
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
Most Popular Business Publications
Content provided in partnership with
