Airbus beats cost-cutting target
The European aircraft manufacturer Airbus has largely surpassed its 2007 cost-cutting target and could end the year with savings of as much as €400m, the French newspaper Les Echos has reported. An Airbus spokeswoman refused to comment on the report ahead of the company's annual press conference on January 16. The paper said the €300m target will be easily eclipsed, with cuts totalling €400m still possible.
Meanwhile Qantas and Airbus celebrated another major milestone in the airframe manufacturer’s relatively short but successful existence – the delivery of its 5,000th aircraft, an A330-200, to Qantas at a special ceremony in Toulouse on December 14th. Today, the Qantas Group, including Jetstar, has a fleet of 37 Airbus aircraft comprising ten A330-300s, seven A330-200s and 20 A320s. Also on order are 20 A380s and three A330s. In November, Qantas also announced its intention to acquire a further 50 A320 Family aircraft.
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