Airbus Reviews Future of ATR Turboprop Venture With Finmeccanica
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Airbus Group NV and Finmeccanica SpA are reviewing their partnership to build turboprop aircraft as the joint venture’s management seeks approval from its owners to build a larger, 90-seat plane.
Streamlining decision-making at Avions de Transport Regional, the world’s top maker of turboprops, is a prerequisite before starting new projects, said Filippo Bagnato, ATR’s chief executive officer. A new structure would support development of a new plane, he told reporters in Paris.