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Nov15
Airbus to outsource $3.5bn of new jet
Krissy November 15, 2006
Know More: Basics, News 2.0, Basics
Airbus, the European airplane maker has decided to subcontract $3.5bn worth work on A350XWB aircraft to lessen development costs substantially. Executives of the EADS, the parent company informed newspaper that the airframe-outsourced work may raised from 30% to 50%. Its realised  that commutative weaker performances by dollar against euro has curbed down at least 20% competitiveness from the firm. The move to outsource a large portion of development and manufacturing works, analysts feel would spark on concerns over jobs in France, Spain, Britain and Germany. Sash Tusa, aerospace analyst with Goldman Sachs predicts that to remain competitive Airbus has to sell off up to seven of its 16 European sites.

Via  [Reuters]

  

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