On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
73° Feels Like: 73°
Wind: WNW 13 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Isolated Thunderstorms 56°

Tomorrow

Partly Cloudy 79°

Thurs Night

Clear 55°

Alerts

Airbus to sign "major industrial deal": French government

Fabrice Bregier, Airbus President and Chief Executive Officer attends the Airbus annual news conference in Toulouse, January 17, 2013. REUTE
Fabrice Bregier, Airbus President and Chief Executive Officer attends the Airbus annual news conference in Toulouse, January 17, 2013. REUTE

PARIS (Reuters) - French President Francois Hollande will meet Airbus President Fabrice Bregier on Monday to celebrate "a major industrial deal," Hollande's office said in a statement on Sunday.

The deal will be signed at the launch of France's 'Industry Week,' which is held March 18-24, the statement said.

"It's a new deal," said a source close to the Elysee presidential palace, who declined to give any details.

Industry sources have been expecting Airbus, part of European aerospace group EADS , to announce a significant order from an Asian buyer.

Airbus hinted last week at imminent orders worth over $10 billion for A320neo passenger jets, saying cumulative orders for the revamped jet would probably hit 2,000 by the end of this month.

Airbus has so far sold 1,878 of the latest fuel-saving member of its single-aisle medium-haul jet family, which competes with the Boeing 737 in the largest part of the market.

Boeing outsold Airbus in 2012 for the first time in six years and remains ahead this year.

(Reporting by Ingrid Melander and Tim Hepher; Editing by Alison Birrane)

Comments