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http://sg.news.yahoo.com/050118/1/3pxh8.html
Wednesday January 19, 12:44 AM
Airbus unveils its superjumbo, European leaders hail lead over US
Airbus unveiled the world's biggest passenger jet in a glitzy ceremony at which the leaders of France, Britain, Germany and Spain hailed Europe's victory over the United States as the new king of the commercial skies.
The huge A380 superjumbo, which can carry up to 840 people on its two full decks, supersedes the ageing 747 by US rival Boeing as the biggest civilian aircraft ever made.
When it is put into service early next year, it will become the flagship of many airline fleets and offer unprecedented amenities on long-haul services, including, in some cases, gyms, bedrooms and bars.
For the countries that backed the 10.7-billion-euro (14-billion-dollar) development cost, the plane -- hidden behind an immense black curtain until its unveiling -- stood as a prominent symbol of European cooperation.
"Good old Europe has made this possible," German Chancellor Gerhard Schroeder told a packed hall in Airbus's headquarters in Toulouse, southwest France.
That was a barely-veiled barb recalling the US dismissal of France, Germany and other EU states in 2003 as "Old Europe" because of their opposition to the war on Iraq.
Airbus chief Noel Forgeard made similar hints in his presentation of the A380 during a colourful spectacle featuring computer graphics, atmospheric theme music, dancers and fountains.
"The European states -- so easily accused of weakness -- backed this fantastic challenge 35 years ago and have believed in the A380," he said.
The pride on display was reinforced by recent figures showing that, for the second year running, Airbus has outsold Boeing and now holds some 57 percent of the world market for passenger aircraft.
The company, a majority owned subsidiary of the listed European Aerospace and Defence Company (with 20 percent in the hands of Britain's BAE Systems), forecasts that the A380 will help extend that lead.
Thirteen airlines have already placed firm orders for 139 of the planes. Airbus calculates that by 2008 it will reach the break-even point of 250 A380s sold, and from that point it will turn out 35 of the aircraft per year to rising profits.
The catalogue price of the huge machine -- boasting a wingspan of 80 metres (262 feet), overall length of 73 metres (239 feet), height of 24 metres (79 feet) and maximum take-off weight of 560 tonnes -- is between 263 and 286 million dollars, though discounts are frequently applied.
French President Jacques Chirac called the project a "big success" and said: "We can, and we must, go further on this path of European construction so essential for growth and employment."
British Prime Minister Tony Blair said the plane was "the culmination of many years of hard work" and congratulated the workers across Europe who made it happen.
Spanish Prime Minister Jose Luis Rodriguez Zapatero said Europe was "unstoppable" when it pooled its efforts.
The plane, Zapatero said, "has turned this historic moment into a moment in which cooperation and globalisation are giving rise to more peace and justice."
The four EU leaders later lunched together, leaving industry VIPs to get close to the huge white plane with a sleek new blue and white logo sitting in its hangar.
Airline executives at the presentation offered high praise for the A380, even though it has yet to undergo test flights, scheduled for March or April.
Richard Branson, the head of Britain's Virgin Atlantic, said his airline would pamper passengers on the six A380s it has ordered by including gyms, beauty parlours, bars -- and even casinos and double beds.
The last two features meant "you'll have at least two ways to get lucky on our flights," Branson joked.
The biggest buyer of the new plane is the Emirates airline, which has ordered 43. "The A380 will be the future of air travel," said its chairman Sheikh Ahmed bin Saeed Al-Maktoum.
Airbus's success with the A380 is raising hackles at Boeing, which has won relatively little interest in its own new offering, a long-range mid-size plane called the 7E7 Dreamliner.
Yves Galland, the chairman of Boeing France, called Airbus's sales projections too optimistic.
"We know that passengers have other expectations," he told Europe 1 radio, adding that travellers want "direct connections that call for an entirely different airplane" -- a reference to the 7E7.
A bruising dispute over state subsidies between Boeing and Airbus is currently the subject of tense negotiations which, if they fail at the end of a three-month deadline, will blow up into a full-blown arbitration case at the World Trade Organisation.