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Share Name | Share Symbol | Market | Type |
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Boeing Co | NYSE:BA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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1.02 | 0.57% | 179.87 | 180.49 | 177.90 | 179.50 | 5,416,265 | 01:00:00 |
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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