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BA Boeing Co

179.87
1.02 (0.57%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Boeing Co NYSE:BA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.02 0.57% 179.87 180.49 177.90 179.50 5,416,265 01:00:00

Airbus Gains A350-900 Jet Safety Approval

30/09/2014 12:02pm

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Robert Wall

Airbus Group NV (EADSY) today received approval from safety authorities for its new A350 jetliner to enter commercial service.

The European Aviation Safety Agency granted the so-called type certificate to Airbus for the A350-900 after 15 months of flight testing. "We dealt with a very mature aircraft," Patrick Ky, EASA Executive Director said in a statement.

The approval is a major milestone for Airbus that is spending about 10 billion euros ($12.69 billion) to develop the new family of long-range jets as it battles Boeing Co. (BA) for dominance in the intercontinental flying market. The twin-engine jetliner competes for orders with Boeing's 787 Dreamliner.

Qatar Airways will be the first operator of the plane. The jet is designed to carry around 315 passengers over a distance of 7,750 nautical miles (14,500 km).

Airbus also plans a second, larger model, the A350-1000, with delivery due from 2017.

Airbus has booked 750 combined orders for the A350, including a few for the now-scrapped A350-800, the smallest model. Airbus in July said it would upgrade its A330 with new engines in favor of the A350-800.

Rolls-Royce Holdings PLC (RR.LN) makes the A350 jet's engines.

Write to Robert Wall at robert.wall@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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