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To: mishedlo who wrote (71663)11/26/2007 5:44:49 AM
From: John McCarthy  Read Replies (1) | Respond to of 116555
 
Airbus to Sell 160 Jets to China
Monday November 26, 3:08 am ET
By Christopher Bodeen, Associated Press Writer

Airbus Signs Contracts to Sell 160 Commercial Passenger Jets to China in $14.8 Billion Deal

SEVERE EDIT ....

The deal is welcome news to Airbus, which has struggled with a decline in the U.S. dollar and delays with its A400M military transport aircraft and the A380 superjumbo that has wiped billions of euros off EADS' profit.

Earlier this month, Gallois said the company needed to find an extra 1 billion euros ($1.46 billion) in cost savings after the planemaker and its parent company announced third-quarter losses.

The dollar's drop to record lows against the euro also makes it harder for Airbus to compete against Boeing Co., because while it sells its planes in dollars, many of its costs are in euros.

biz.yahoo.com