AIRLINK 74.40 Increased By ▲ 0.11 (0.15%)
BOP 4.95 No Change ▼ 0.00 (0%)
CNERGY 4.38 Increased By ▲ 0.01 (0.23%)
DFML 39.26 Increased By ▲ 0.46 (1.19%)
DGKC 85.47 Increased By ▲ 0.65 (0.77%)
FCCL 21.35 Increased By ▲ 0.14 (0.66%)
FFBL 33.75 Decreased By ▼ -0.37 (-1.08%)
FFL 9.66 Decreased By ▼ -0.04 (-0.41%)
GGL 10.42 No Change ▼ 0.00 (0%)
HBL 113.23 Increased By ▲ 0.23 (0.2%)
HUBC 136.90 Increased By ▲ 0.70 (0.51%)
HUMNL 11.86 Decreased By ▼ -0.04 (-0.34%)
KEL 4.73 Increased By ▲ 0.02 (0.42%)
KOSM 4.44 No Change ▼ 0.00 (0%)
MLCF 37.80 Increased By ▲ 0.15 (0.4%)
OGDC 137.80 Increased By ▲ 1.60 (1.17%)
PAEL 25.26 Increased By ▲ 0.16 (0.64%)
PIAA 20.07 Increased By ▲ 0.83 (4.31%)
PIBTL 6.65 Decreased By ▼ -0.06 (-0.89%)
PPL 122.45 Increased By ▲ 0.35 (0.29%)
PRL 26.82 Increased By ▲ 0.17 (0.64%)
PTC 13.87 Decreased By ▼ -0.06 (-0.43%)
SEARL 57.60 Increased By ▲ 0.38 (0.66%)
SNGP 67.24 Decreased By ▼ -0.36 (-0.53%)
SSGC 10.35 Increased By ▲ 0.10 (0.98%)
TELE 8.36 Decreased By ▼ -0.04 (-0.48%)
TPLP 11.17 Increased By ▲ 0.04 (0.36%)
TRG 63.25 Increased By ▲ 0.44 (0.7%)
UNITY 26.57 Increased By ▲ 0.07 (0.26%)
WTL 1.46 Increased By ▲ 0.11 (8.15%)
BR100 7,820 Increased By 9.5 (0.12%)
BR30 25,269 Increased By 119 (0.47%)
KSE100 74,997 Increased By 40.4 (0.05%)
KSE30 24,101 Increased By 18.2 (0.08%)

airbus TOULOUSE: Airbus inaugurated an assembly line Tuesday for its new A350 jets, which the European manufacturer hopes will break Boeing's domination of the long-haul passenger aircraft market.

 

Airbus has become a symbol of European excellence and shows that "France and Europe can succeed in international competition," said French Prime Minister Jean-Marc Ayrault at the ceremony opening the 74,000 square-metre (800,000 square-foot) facility outside the southwestern city of Toulouse.

 

The A350XWB (extra wide body), which Airbus expects to begin delivering in 2014, will "allow us to capture fifty percent of the long-haul aircraft market," said the company's chief executive Fabrice Brégier.

 

Airbus has dethroned Boeing in the medium-haul segment, but the American manufacturer still dominates the long-range market with its 747, 777 and new 787 Dreamliner.

 

The A350XWB will complete Airbus' long-haul stable, which includes the A380 super jumbo and the A330.

 

Originally based on the two-engine A330, the A350XWB will make extensive use of composite materials to lower weight and deliver fuel economy, much like Boeing's 787 Dreamliner. 

 

More than half of the aircraft will be made of composite materials.

 

The A350XWB will be somewhat larger than its competitor, able to carry up to 350 passengers whereas the 787 Dreamliner holds up to 290.

 

Ayrault also took the opportunity to praise the strategy of Airbus' parent company EADS, despite the collapse of its plans to merge with British defence manufacturer BAE Systems.

 

The prime minister told EADS chief Tom Enders: "I have complete confidence in the strategy of the group you lead, and I wish you good luck and success in all the projects you undertake."

 

The BAE tie-up, which would have created the top aerospace and defence company and given EADS the prospect of better access to the US market, was scuttled by Germany earlier this month due to fears it may lose manufacturing sites.

 

Copyright AFP (Agence France-Presse), 2012

Comments

Comments are closed.