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Airbus pushing ahead with A350 financing

2-Jul-2010

Airbus has brushed off any notions that this week’s WTO ruling will affect its new A350 XWB programme. The company’s Senior VP for Public Affairs and Communications, Dr Rainer Ohler, stated the company is moving forward at full speed on the A350 - “Boeing’s wishful thinking to the contrary".

The A350 programme is expected to require investment of EUR10-12 billion. Approximately EUR3.5 billion of this will be provided by the governments of Germany, the UK, Spain and France, through reimbursable launch investment. Airbus stated that funding for the A350 programme has been unaffected by the recent WTO ruling, which did not cover the new aircraft.

Boeing's shares fell 0.8% yesterday, while EADS fell 2.9%.

Selected Aviation suppliers’ daily share price movements (% change): 01-Jul-2010


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