Airbus Group

Airbus has been in Romania for five decades and "should Romania wish so", it can stay for another 50 years, Serge Durand, the head of Airbus Romania told an interview granted to AGERPRES.

India has drawn up a shopping list for tens of billions of dollars of foreign fighter jets, armored vehicles, submarines and helicopters but it will only sign the cheques if they are made in India.

Engineers, supported by Toyota Motor Corp, demonstrated their flying car on June 3, which they hope will be able to light up the Olympic flame for the opening ceremony of the Tokyo 2020 Summer Games.

BELGRADE - The Serbian ministries of defence and interior have signed a contract with Airbus Helicopters to buy nine Airbus H145M helicopters, the Defence Ministry said in a statement Thursday.

Photo: Airbus

BELGRADE - The Serbian ministries of defence and interior have signed a contract with Airbus Helicopters to buy nine Airbus H145M helicopters, the Defence Ministry said in a statement Thursday.

Government rules restricting foreign ownership in the Indian defense sector to 49 percent are undermining New Delhi's drive to lure greater investment in manufacturing, a senior executive at European conglomerate Airbus Group said on March 14.

Airbus Group said on Feb. 24 its net profits climbed 15 percent last year and predicted deliveries of more than 650 aircraft in 2016 and a rise in orders to record levels.

The France-based European aerospace group chalked up a net profit of 2.7 billion euros ($3 billion), with sales up 6 percent to 64 billion euros.

European planemaker Airbus beat Boeing in the race for new business last year, but remained behind on deliveries as Boeing extended its lead as the world's largest jetmaker.

The planemaking division of Airbus Group grabbed 1,036 net plane orders after cancellations, it said on Jan. 12, down 29 percent from 2014, compared with Boeing's tally of 768, a fall of 46 percent.

Airbus Group has told buyer nations of the A400M transporter  aircraft that it cannot deliver all of its high-tech defences according to plan, casting a shadow over some of its military uses as Europe battles growing instability on its borders. 

Airbus has announced it intends to build helicopters at a new plant at Ghimbav, close to the central Romanian city of Brasov, in an investment worth about 40 million euro.

The plant is to be built on a 27,000-square-metre plot offered by IAR Ghimbav, a company controlled by the Romanian state.