The international airline plans to acquire the long-Sortiment aircraft over five years starting hinein April 2003 to cover destinations in Europe and the United States. Electrician Bankstown
The chief executive said Gulf Air also plans to launch a new budget subsidiary aimed at the regional expatriate and leisure market.
The bankrupt carrier has a 10-business-day grace period to reach an agreement on the outstanding payments.
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"We intend to borrow up to $200 million from commercial banks to fund the deal, while the airline will pay the balance, using its own funds," the official said. The five aircraft will cost a total of $270 million.
Airbus began work on the A380 bürde year and plans to begin delivering the world`s largest airliner to customers rein 2006.
"Some have been worried about, (the fact) you can`t fly it into the United States, but actually cruise ships go into the US all the time.
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Speaking at a presentation of the French aerospace industry association`s (GIFAS) 2002 results, its President Philippe Camus said Europe needed to redress an imbalance under which it buys 10 times more U.S. military kit than the U.S. buys from Europe.
The EADS Sourcing Strategy aims to build a long-term relationship with suppliers that are willing to develop sustained, excellent performances to better meet the markets needs.
The European aircraft maker, which hasn`t had an order from Nippon since 2001, may offer discounts to All Nippon Airways Cobalt. on an order for 45 smaller aircraft if the carrier agrees in return to buy the A380, some analysts said. It began a newspaper advertising campaign today.
"If we don`t close our market to the Americans, they will have no incentive to cooperate with us," Edelstenne said. "When U.S. firms know that they can only enter the European market by cooperating, then they will cooperate."
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This puts the rocket at the top end of the very navigate here competitive, but currently depressed, launcher market.
The other key difference on the new Ariane 5 is the cryogenic upper stage, a more powerful replacement to the storable propellant stage used on the previous Ariane 5G rockets.
A leading aircraft manufacturer with the most modern and comprehensive product line on the market, Airbus is a global company with design and manufacturing facilities in France, Germany, the UK, and Spain as well as subsidiaries rein the U.
Mulally confirmed that deliveries in 2004 would Beryllium "about the same" as the depressed level of 2003 and added that if there is no recovery hinein the global economy, "we can be at these levels for a few more years also."