Britain signs deal for 14 new Airbus A330 supply

Deals

Britain’s Defense Ministry announced on Thursday that it had signed a deal for a consortium of aerospace firms led by Airbus parent EADS to supply a fleet of 14 new Airbus A330 aircraft to the Royal Air Force (RAF).

In a statement, the ministry said the deal, which coincides with a state visit to Britain by French President Nicolas Sarkozy, were worth £13 billion ($26 billion) over 27 years, and would create up to 600 jobs in Britain and safeguard up to 3,000 others. “This deal represents great news for the Royal Air Force and great news for British industry and jobs,” Minister for Defense Equipment and Support Ann Taylor said in the statement.

Earlier on Thursday, the head of EADS, Europe’s biggest aerospace group, anticipated the announcement, hailing it as another victory over rival Boeing, weeks after a dramatic win for EADS in a bid to supply the Pentagon with similar jets. However EADS, reeling from a weak dollar, which hands a competitive edge to Boeing in the civil airliner market, also suffered a blow as talks to outsource some of its own airplane production facilities to a German aerospace firm collapsed.

The converted A330 tanker aircraft, whose wing pods refuel twice as fast as a Formula One pit stop, will be owned by the AirTanker consortium, although they will fly in RAF colors. They will come into service from 2011. The AirTanker consortium led by EADS also includes Britain’s Cobham, Rolls-Royce and VT Group, as well as France’s Thales. (people.com.cn)

ADVERTISEMENT

Minister Asks Banks to Introduce Voluntary Rate Caps Banking

Minister Asks Banks to Introduce Voluntary Rate Caps

Gov't Raises 2023 Deficit Target to 5.2% of GDP Government

Gov't Raises 2023 Deficit Target to 5.2% of GDP

Norbert Schőmer Appointed Atenor Hungary Country Director Appointments

Norbert Schőmer Appointed Atenor Hungary Country Director

Celebrating Music Music

Celebrating Music

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.