HERNDON, Va., April 8 /PRNewswire/ -- SAAB of Sweden and Finavitec of Finland have each signed a Memorandum of Understanding with Airbus Industrie for the study phase of the A3XX large aircraft project with a view of becoming risk-sharing partners in the program. Engineers from the two companies will be integrated in the A3XX design team. Participation in this phase will allow SAAB and Finavitec to evaluate the extent of their involvement in future phases of the A3XX program. This will enable Airbus Industrie to benefit from the latest technologies developed by each company in research, design and manufacturing. This initial step is expected to lead to business agreements which would represent more than two billion U.S. dollars in business volume for SAAB and Finavitec. Airbus Industrie already signed a similar agreement with Belairbus of Belgium and Fokker Aviation (Stork) of the Netherlands in January this year. Discussions continue with other aerospace companies around the world, with the aim of placing a total of up to 40 percent of the A3XX work content with risk sharing partners. The 550-seat A3XX, which is being defined by Airbus Industrie in close cooperation with a core group of major airlines, will offer greater passenger comfort and better economy than any airliner flying today. Larger than anything flying today, it will give birth to a whole family of airliners. The A3XX will also share maximum commonality with the new generation A320 and A330/A340 families. Airbus Industrie plans to launch the A3XX in time for an entry into service in 2003. SOURCE Airbus Industrie -0- 04/08/97 /CONTACT: David Venz of Airbus Industrie, 703-834-3400/ CO: Airbus Industrie; SAAB; Finavitec ST: Virginia, District of Columbia IN: AIR ARO SU: -0- (PRN) Apr/08/97 11:22 EOS (PRN) Apr/08/97 11:22 86 â -0- (PRN) Apr/08/97 11:37
SAAB AND FINAVITEC SIGN AGREEMENTS WITH AIRBUS INDUSTRIE ON A3XX
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