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Spain to boost its participation in France-based Airbus project

Spain to boost its participation in France-based Airbus project

Spain is set to boost its participation in the France-based Airbus project, with an eye to a larger stake in the A380 superjumbo and in designing future generations of aircraft, the two countries' foreign ministers said Thursday.
"Spanish industry is very important for Airbus and Spain aims to boost its participation in Airbus," said French Foreign Minister Philippe Douste-Blazy at a press conference.
Spain reportedly hopes to increase its 5.5 percent stake in European Aeronautic Defence and Space Co. (EADS) to 10 percent.
EADS owns 80 percent of Airbus Industrie and has agreed to purchase 20 percent held by Britain's BAE Systems.
The French minister said that Airbus was the largest industrial cooperation project in Europe and it hoped to begin researching "tomorrow's aircraft" with increased Spanish participation.
Airbus has come under criticism recently from potential plane buyers due to delivery delays of its A380 double-deck superjumbo.
Douste-Blazy said that despite recent production line problems on the A380 related to complex electrical installations, Airbus Industries had outperformed all other manufacturers between 2003-5 in terms of aircraft deliveries.
Spanish Prime Minster Jose Luis Rodriguez Zapatero and French President Jacques Chirac are to meet on Nov. 16 in the northeast Spanish city of Gerona to discuss bilateral issues, the ministers said.


Updated : 2021-07-29 02:13 GMT+08:00