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80-509: The company can be traced to the establishment of a 50/50 joint venture in 1995 between France's Messier and the United Kingdom 's Dowty Group , then owned by TI Group . Messier-Dowty was purchased outright from TI Group by the SNECMA group in 1998. The 2005 merger of SAGEM and SNECMA made Messier-Dowty part of the new Safran company. In May 2011, Messier-Bugatti-Dowty was formed through

160-521: A joint venture of European aerospace companies originally incorporated in 1970 to develop and produce a wide-body aircraft to compete with American-built airliners. EADS rebranded itself as Airbus SE in 2015. Reflecting its multinational origin, the company operates major offices and assembly plants in France , Germany , Spain , and the United Kingdom , along with more recent additions in Canada , China , and

240-1013: A temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are " co-venturers ". The venture can be a business JV (for example, Dow Corning), a project/asset JV intended to pursue one specific project only, or a JV aimed at defining standards or serving as an "industry utility" that provides a narrow set of services to industry participants. Some major joint ventures include United Launch Alliance , Vevo , Hulu , Virgin Media O2 , Penske Truck Leasing , and Owens-Corning . According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates . He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to

320-439: A 2.2 percent average ROA, while wholly owned and controlled affiliates in the U.S. only realized a 0.7 percent ROA." In European law , the term "joint venture" is an exclusive legal concept, better defined under the rules of company law . In France , the term "joint venture" is variously translated as "association d'entreprises", "entreprise conjointe", "coentreprise" or "entreprise commune". A JV can be brought about in

400-517: A company. By its formation, the JV becomes a new entity with the implications that: On the receipt of the Certificate of Incorporation, a company can commence its business. This is a legal area and is fraught with difficulty as the laws of countries differ, particularly on the enforceability of "heads of" or shareholder agreements. For some legal reasons, it may be called a Memorandum of Understanding . It

480-647: A joint venture between Singapore Aerospace Manufacturing and Messier-Dowty. In June 2001, Messier-Dowty was awarded a $ 2.9 million contract for research into the field of low-noise landing gear; this deal was a part of the SILENCE(R) initiative, a four-year European effort launched to improve the environmental qualities of commercial aircraft. During 2002, the company opened the world's largest landing gear test centre in Gloucester , England. In February 2004, Messier-Dowty officially opened its new Chinese production facility in

560-581: A model range that parallels the commercial aircraft offered by the company. Following the entry of the 737-based Boeing Business Jet , Airbus joined the business jet market with the A319 Corporate Jet in 1997. Although the term Airbus Corporate Jet was initially used only for the A319CJ, it is now often used for all models, including VIP widebodies. As of December 2008, 121 corporate and private jets are operating, and 164 aircraft have been ordered. The company

640-419: A new market, particularly emerging market ; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. Most joint ventures are incorporated, although some, as in the oil and gas industry , are "unincorporated" joint ventures that mimic a corporate entity. With individuals, when two or more persons come together to form

720-638: A number of other plants in different European locations, reflecting its foundation as a consortium. For aircraft assembled in Europe, aircraft parts often move between the different factories and the assembly lines via the use of the Beluga and BelugaXL , a fleet modified aircraft capable of carrying entire sections of fuselage. For aircraft assembled in China and the United States, the parts needed to build an aircraft meet in

800-485: A principal disadvantage is absence of an interested and influential Chinese party. As of the 3rd Quarter of 2004, WFOEs had replaced EJVs and CJVs as follows: (*)=Financial Vventures by EJVs/CJVs (**)=Approved JVs These enterprises are formed under the Sino-Foreign Investment Act. The capital is composed of value of stock in exchange for the value of the property given to the enterprise. The liability of

880-520: A second production line. North America plays a crucial role for Airbus, both in terms of aircraft sales and suppliers. Of the approximately 5,300 Airbus jetliners sold worldwide, 2,000 are ordered by North American customers. These orders span Airbus' entire product line, from the compact A318 to the massive A380, accommodating 107 to 565 passengers. Notably, US contractors contribute significantly, supporting around 120,000 jobs and generating an estimated $ 5.5 billion in business. For instance, one variant of

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960-687: A single European location where they are loaded onto ships for the final journey to the assembly line. Airbus opened an assembly plant for the A320 family of aircraft in Tianjin , China in 2009. Airbus started constructing a $ 350 million component manufacturing plant in Harbin , China in July 2009, which now employs over 1,000 people. It was fully operational by early 2011, the 30,000 square metre plant manufactures composite parts and assembles composite work-packages for

1040-425: A stylised turbine symbol, redolent of a jet engine , and a font similar to Helvetica Black . The logo colours were reflected in the standard Airbus aircraft livery in each period. The EADS logo between 2000 and 2010 combined the logos of the merged companies, DaimlerChrysler Aerospace AG (a four-ray star) and Aérospatiale-Matra (a curved arrow), after which these elements were removed and a new font with 3D shading

1120-507: A universal landing gear platform that would be shared between multiple airliners ; the aim of such commonality was a 20-40% reduction in the cost of the landing gear to manufacturers and end customers. According to Tony Edwards, the chief executive and chairman of the merged entity, while acknowledging the new entity had been experiencing some difficulties due to a lack of preparation, he regarded it as being: "a successful example of European integration that works". During early 1998, Messier-Dowty

1200-599: A value of the stake at "approximately €2.0 billion." Lagardère was to reduce its holding by an identical amount. However, Caisse des Dépôts et Consignations , a unit of the French government, acquired 2.25 % of EADS. At issue, as a result, is the fact that the German and French shareholdings were now in imbalance. On 30 August 2006, shortly after the stock price decline caused by the A380 delivery delays, more than 5 % of EADS stock

1280-404: Is allowed to enter into contracts with appropriate government authorities to acquire land use rights, rent buildings, and receive utility services. In this it is more similar to a CJV than an EJV. WFOEs are expected by PRC to use the most modern technologies and to export at least 50% of their production, with all of the investment is to be wholly provided by the foreign investor and the enterprise

1360-556: Is also a 10% owner of Dassault Aviation , which builds the Falcon family of smaller business jets. Airbus Defence and Space markets and either builds or modifies new aircraft for military use. Airbus became increasingly interested in developing and selling to the military aviation market in the late 1990s. It embarked on two main fields of development: aerial refuelling with the Airbus A310 MRTT (Multi-Role Tanker Transport) and later

1440-592: Is described below. The EJV Law is between a Chinese partner and a foreign company. It is incorporated in both Chinese (official) and in English (with equal validity), with limited liability. Prior to China's entry into WTO – and thus the WFOEs – EJVs predominated. In the EJV mode, the partners share profits, losses, and risk in equal proportion to their respective contributions to the venture's registered capital. These escalate upwardly in

1520-465: Is done in parallel with other activities in forming a JV. Though dealt with briefly for a shareholders' agreement , some issues must be dealt with here as a preamble to the discussion that follows. There are also many issues which are not in the Articles when a company starts up or never ever present. Also, a JV may elect to stay as a JV alone in a "quasi partnership" to avoid any nonessential disclosure to

1600-464: Is located in Vélizy , outside Paris . Each site is responsible for certain aspects of landing gear design, manufacture and support. Joint venture A joint venture ( JV ) is a business entity created by two or more parties, generally characterized by shared ownership , shared returns and risks , and shared governance. Companies typically pursue joint ventures for one of four reasons: to access

1680-575: Is located in Vélizy , outside Paris . The company's projects are divided into two business units: Airbus & European Programs and Boeing & North American Programs . The origins of the company dates back to the formation of a 50/50 joint venture between the France-based Messier and the United Kingdom-based Dowty Group , then owned by TI Group , in 1995. That same year, the company announced its intentions to develop

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1760-747: Is longer and wider than the fuselage used on the A300, A310, A330, and A340. A second narrow-body jet was added to the product list in 2018 when Airbus gained control of the Bombardier CSeries programme, and rebranded it as the A220. The jet offers five-abreast seating compared to the six-abreast seating on the A320. The company is also a 50% owner of the ATR joint venture which builds the ATR 42 and ATR 72 regional aircraft. Airbus Corporate Jets markets and modifies new aircraft for private and corporate customers. It has

1840-464: Is what will happen if the firm is dissolved, if one of the partners dies, or if the firm is sold. Often, the most successful JVs are those with 50:50 partnership with each party having the same number of directors but rotating control over the firm, or rights to appoint the Chairperson and Vice-chair of the company. Sometimes a party may give a separate trusted person to vote in its place proxy vote of

1920-505: Is within his total control. WFOEs are typically limited liability enterprises. Like with EJVs, but the liability of the directors, managers, advisers, and suppliers depends on the rules which govern the Departments or Ministries which control product liability, worker safety or environmental protection. An advantage the WFOE enjoys over its alternates is enhanced protection of its know-how but

2000-536: The Airbus A330 MRTT , and tactical airlift with the Airbus A400M Atlas . The company has also continued to market and assemble some military aircraft previously offered by the companies that formed Airbus, notably CASA . The A310 and A330-based MRTT aircraft are conversions of civilian airliners. The aircraft are called multi-role tanker transports because, in addition to their aerial refuelling capability,

2080-780: The Airbus C295 , a smaller tactical transport aircraft, that was designed and initially manufactured by the Spanish aerospace company CASA . The company is also a 50% owner of the ArianeGroup joint venture which builds the Ariane 5 space launch vehicle, a 46% owner of the Eurofighter joint venture which builds the Typhoon fighter jet, a 42.5% owner of the Panavia Aircraft joint venture which built

2160-856: The Paris Stock Exchange , the Frankfurt Stock Exchange and the four regional Spanish stock exchanges (including the Bolsa de Madrid ). The current company is the product of consolidation in the European aerospace industry, tracing back to the formation of the Airbus Industrie GIE consortium in 1970. In 2000, the European Aeronautic Defence and Space Company (EADS) NV was established. In addition to other subsidiaries pertaining to security and space activities, EADS owned 100% of

2240-802: The Tiger attack helicopter, along with militarized versions of the H125, H135, H145, H160, H175, H215, and H225. The company is also a 62.5% owner of the NHIndustries joint venture, which builds the NH90 military utility helicopter. Revenues by division, as of 2023: Commercial aircraft generated 74% of total revenue for the Airbus group in 2018 and 72% in 2023. The key trends for Airbus Commercial Aircraft (excluding Defence, Space and Helicopters) are as of each financial year ending December 31: The division Airbus Defence and Space

2320-697: The Tornado fighter jet, a 37.5% owner of the MBDA joint venture which builds missiles, and a 10% owner of Dassault Aviation which builds the Rafale fighter jet, and previously, the Mirage 2000 fighter. Airbus Helicopters markets and builds new rotorcraft for civilian and military use. The division was founded formed in 1992 as the Eurocopter Group, through the merger of the helicopter divisions of Aérospatiale and DASA (two of

2400-641: The United States . Airbus' headquarters are legally registered in Leiden , Netherlands, but daily management is conducted from the company's main office located in Blagnac , France. The SE in its corporate name stands for Societas Europaea . The company is led by CEO Guillaume Faury and is a component of the EURO STOXX 50 stock market index . Since its inception in 2000, the company's shares have been listed on

2480-476: The World Trade Organization (WTO) around 2001 has had profound effects on foreign investment. Not being a JV, they are considered here only in comparison or contrast. To implement WTO commitments, China publishes from time to time updated versions of its "Catalogs Investments" (affecting ventures) prohibited, restricted. The WFOE is a Chinese legal person and has to obey all Chinese laws. As such, it

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2560-450: The "constitution" of a company in these countries. The articles of association regulate the interaction between shareholders and the directors of a company and can be a lengthy document of up to 700,000 or so pages. It deals with the powers relegated by the stockholders to the directors and those withheld by them, requiring the passing of ordinary resolutions , special resolutions and the holding of Extraordinary General Meetings to bring

2640-658: The A320, making it easier to train crew. The success led Airbus to introduce a lengthened version, the A321 in 1993, along with the shorter A319 in 1995 and the even shorter A318 in 2002. In 2016, Airbus re-engineered the narrow-body family, in a programme called the A320neo ( new engine option). The wide-body programme led to the introduction of the four-engine A340 in 1991 and the twinjet A330 in 1992. At that time, Airbus wanted to offer four-engined jet aircraft to allow for longer transatlantic and transpacific flights. However, during

2720-624: The A350 XWB, A320 families and future Airbus programmes. Harbin Aircraft Industry Group Corporation, Hafei Aviation Industry Company Ltd, AviChina Industry & Technology and other Chinese partners hold an 80% stake in the plant while Airbus controls the remaining 20%. In 2022, the Tianjin plant finished upgrading works to allow for production of A321. In 2023, the Tianjin final assembly plant started construction to be expanded with

2800-809: The A380 boasts 51% American content in terms of work share value. Plans for a Mobile, Alabama aircraft assembly plant were unveiled by Airbus CEO Fabrice Brégier from the Mobile Convention Centre on 2 July 2012. The plans include a $ 600 million factory at the Mobile Aeroplex at Brookley for the assembly of the A220 , A319, A320 and A321 aircraft. It could employ up to 1,000 full-time workers when operational. Construction began on 8 April 2013, and became operable by 2015, producing up to 50 aircraft per year by 2017. The key trends of Airbus SE are (as of each financial year ending December 31): In October 2005

2880-641: The British Ministry of Defence warned European politicians to stop, as it saw it, interfering in the corporate governance of EADS. The former UK Defence Procurement Minister Lord Drayson hinted that the UK government, a major customer for EADS, may withhold future contracts. "As a key customer, we see it as important for EADS to move in a direction that is free from political interference." On 4 April 2006, DaimlerChrysler announced its intention to reduce its shareholding from 30 % to 22.5 %. The company placed

2960-456: The DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies' wholly owned and controlled affiliates (the vast majority of which are wholly owned) realized a slightly lower 5.2 percent ROA. The same story holds true for investments by foreign companies in the U.S., but the difference is more pronounced. U.S.-based joint ventures realized

3040-626: The Founder at board meetings. Recently, in a major case the Indian Supreme Court has held that Memorandums of Understanding (whose details are not in the articles of association) are "unconstitutional" giving more transparency to undertakings. A JV is not a permanent structure. It can be dissolved when: Joint ventures are risky forms of business partnerships . Literature in business and management has paid attention to different factors of conflict and opportunism in joint ventures, in particular

3120-459: The JV's life, giving the option to the foreign investor, by holding higher equity, obtains a faster rate of return with the concurrent wish of the Chinese partner of a later larger role of maintaining long-term control. The parties in any of the ventures, EJV, CJV or WFOE prepare a feasibility study outlined above. It is a non-binding document – the parties are still free to choose not to proceed with

3200-528: The US) covering know-how and trademarks and supply-of-equipment agreements. The minimum equity is prescribed for investment truncated, where the foreign equity and debt levels are: There are also intermediary levels. The foreign investment in the total project must be at least 25%. No minimum investment is set for the Chinese partner. The timing of investments must be mentioned in the Agreement and failure to invest in

3280-555: The aircraft can also be configured for troop transport, medevac, and cargo transportation. The A400M Atlas is a four-engine, turboprop-powered tactical transport aircraft. The A400M is sized between the American-made C-130 and the C-17 transports, and while it can carry heavier loads than the C-130, its turboprop engines allow it to retain the ability to use rough landing strips. The A400M

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3360-640: The aircraft's development, new rules extended twinjet operations to 120 minutes in 1986, and 180 minutes in 1989. Although the new rules hurt sales of the A340, they greatly benefited the A330 . Production of the A340 ended in 2011, while the A330 would be re-engineered as the A330neo ( new engine option ) in 2018. The world's largest passenger airliner was introduced by Airbus in 2005; the A380

3440-461: The cases, the status of the formed enterprise is that of a legal Chinese person which can hire labor directly as, for example, a Chinese national contactor. The minimum of the capital is registered at various levels of investment. Other differences from the EJV are to be noted: Convenience and flexibility are the characteristics of this type of investment. It is therefore easier to find co-operative partners and to reach an agreement. With changes in

3520-747: The city of Suzhou ; it was the first Chinese operation to be wholly owned by a SNECMA company. Around this period, the company won several key bids; in February, it secured a deal to provide the main landing gear for the Airbus A400M ; in March, it was appointed to supply both the main and nose gear of the Boeing 787 , as well as the integrated landing gear of the Sukhoi Superjet 100 in October 2003. In 2010, Messier-Dowty became

3600-570: The death of Mao Zedong in 1976, initiatives in foreign trade began to be applied, and law applicable to foreign direct investment was made clear in 1979, while the first Sino-foreign equity venture took place in 2001. The corpus of the law has improved since then. Companies with foreign partners can carry out manufacturing and sales operations in China and can sell through their own sales network. Foreign-Sino companies have export rights which are not available to wholly Chinese companies, as China desires to import foreign technology by encouraging JVs and

3680-495: The directors' decision to bear. A Certificate of Incorporation or the Articles of Incorporation is a document required to form a corporation in the U.S. (in actuality, the state where it is incorporated) and in countries following the practice. In the US, the "constitution" is a single document. The Articles of Incorporation is again a regulation of the directors by the stock-holders in

3760-529: The executive committees of the parent and subsidiary companies were aligned in January 2017, but the companies were kept as separate legal entities. The holding company was given its present name in April 2017. Aérospatiale (est. 1970) Matra (est. 1937) Daimler-Benz (aerospace unit) (est. 1926) Dornier Flugzeugwerke (est. 1922) Messerschmitt-Bölkow-Blohm (MBB) (est. 1968) CASA (Construcciones Aeronáuticas SA) (est. 1923) The logos of Airbus Industrie GIE and Airbus SAS displayed

3840-422: The first company in the world to incorporate composite braces onto the main landing gear of a commercial aircraft, this being the Boeing 787. The 2005 merger of SAGEM and SNECMA made Messier-Dowty part of the new Safran company. During December 2007, Airbus announced that Messier-Dowty had been confirmed as the supplier for the main landing gear of the upcoming Airbus A350 XWB ; under this arrangement, it

3920-424: The following major ways: In the UK , India , and in many common law countries, a joint-venture (or else a company formed by a group of individuals) must file its memorandum of association with the appropriate authority. This is a statutory document which informs the public of its existence. It may be viewed by the public at the office in which it is filed. Together with the articles of association , it forms

4000-426: The founding companies of Airbus). Airbus Helicopters is the foremost player in the turbine helicopter industry both in terms of revenues and deliveries. The division's civilian products include the single engine H125 and H130 , the light twin engine H135 and H145 , the medium twin engine H155 and H160 , the super medium twin engine H175 , and the heavy twin engine H215 and H225 . Military products include

4080-423: The government or the public. Some of the issues in a shareholders' agreement are: There are many features which have to be incorporated into the shareholders' agreement which is quite private to the parties as they start off. Normally, it requires noтуОЧ submission to any authority. The other basic document which must be articulated is the Articles, which is a published document and known to members. This repeats

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4160-417: The indicated time, draws a penalty. Co-operative Joint Ventures (CJVs) are permitted under the Sino-Foreign Co-operative Joint Ventures. Co-operative enterprises are also called Contractual Operative Enterprises. The CJVs may have a limited structure or unlimited – therefore, there are two versions. The limited-liability version is similar to the EJVs in status of permissions – the foreign investor provides

4240-455: The influence of parent control structure, ownership change, and volatile environment. Government procurement regulations, such as the Federal Acquisition Regulation (FAR) in the United States, may specify how joint ventures are to be approached as suppliers or confirm that a joint venture or other form of contractor partnering is seen as a "desirable" arrangement for supplying to government. The FAR states that The Government will recognize

4320-405: The integrity and validity of contractor team arrangements [including joint ventures], provided the arrangements are identified and company relationships are fully disclosed in an offer or, for arrangements entered into after submission of an offer, before the arrangement becomes effective. The Government will not normally require or encourage the dissolution of contractor team arrangements. Under

4400-628: The latest technologies. Under Chinese law, foreign enterprises are divided into several basic categories. Of these, five will be described or mentioned here: three relate to industry and services and two as vehicles for foreign investment. Those five categories of Chinese foreign enterprises are: the Sino-Foreign Equity Joint Ventures (EJVs), Sino-Foreign Co-operative Joint Ventures (CJVs), Wholly Foreign-Owned Enterprises (WFOE), although they do not strictly belong to Joint Ventures, plus foreign investment companies limited by shares (FICLBS), and Investment Companies through Foreign Investors (ICFI). Each category

4480-431: The law, it becomes possible to merge with a Chinese company for a quick start. A foreign investor does not need to set up a new corporation in China. Instead, the investor uses the Chinese partner's business license, under a contractual arrangement. However, under the CJV, the land stays in the possession of the Chinese partner. There is another advantage: the percentage of the CJV owned by each partner can change throughout

4560-402: The majority of funds and technology and the Chinese party provides land, buildings, equipment, etc. However, there are no minimum limits on the foreign partner which allows him to be a minority shareholder. The other format of the CJV is similar to a partnership where the parties jointly incur unlimited liability for the debts of the enterprise with no separate legal person being created. In both

4640-448: The merger of three Safran subsidiaries: Messier-Dowty, Messier-Bugatti and Messier Services. In May 2016, Messier-Bugatti-Dowty became Safran Landing Systems . Safran Landing Systems operates a number of sites across the globe, in Asia, Europe, Canada, Mexico and the United States; workshare is divided between these locations, each one typically specialising in an aspect of landing gear design, manufacture and support. Its main headquarters

4720-426: The nearest airport. Under the new rule, the A300 was able to operate over the North Atlantic , the Bay of Bengal , and the Indian Ocean more efficiently than the trijets and four-engined jet aircraft offered by competitors. They then went on to make the Airbus A310 which is also a wide-body aircraft. Airbus had identified a demand for an aircraft smaller than the Airbus A300 , the first twin-jet wide-body. It

4800-421: The other 50% share formerly held by Sabena Technics . In May 2016, Messier-Bugatti-Dowty became Safran Landing Systems . Safran Landing Systems has operational sites across the globe. The sites are located in Asia (Singapore, Seremban, Suzhou), Europe (Vélizy, Molsheim, Bidos, Villeurbanne, Gloucester, Feyzin), Canada (Ajax, Montreal), Mexico (Querétaro) and United States (Walton, Seattle). The main headquarters

4880-407: The pre-existing Eurocopter SA , established in 1992, as well as 80% of Airbus Industrie GIE. In 2001, Airbus Industrie GIE was reorganised as Airbus SAS , a simplified joint-stock company . In 2006, EADS acquired BAE Systems ' remaining 20% of Airbus. EADS NV was renamed Airbus Group NV and SE in 2014 and 2015, respectively. Due to the dominance of the Airbus SAS division within Airbus Group SE,

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4960-425: The project. The feasibility study must cover the fundamental technical and commercial aspects of the project, before the parties can proceed to formalize the necessary legal documentation. The study should contain details referred to earlier under Feasibility Study (submissions by the Chinese partner). There is basic law of the PRC concerning enterprises with sole foreign investment controls, WFOEs. China's entry into

5040-407: The rules applicable to public procurement in the European Union , public bodies may insist that suppliers intending to provide goods and services through a joint partnership accept joint liability for the execution of the contract. According to a 2003 report of the United Nations Conference on Trade and Development , China was the recipient of US$ 53.5 billion in direct foreign investment, making it

5120-440: The same proportion as the increase in registered capital. The JV contract accompanied by the articles of association for the EJV are the two most fundamental legal documents of the project. The Articles mirror many of the provisions of the JV contract. In case of conflict the JV document has precedence. These documents are prepared at the same time as the feasibility report. There are also the ancillary documents (termed "offsets" in

5200-435: The shareholders agreement as to the number of directors each founder can appoint to the board of directors; whether the board controls or the founders; the taking of decisions by simple majority (50%+1) of those present or a 51% or 75% majority with all directors present (their alternates/ proxy ); the deployment of funds of the firm; extent of debt; the proportion of profit that can be declared as dividends; etc. Also significant

5280-514: The shareholders, including debt, is equal to the number of shares purchased by each partner. Airbus Airbus SE ( / ˈ ɛər b ʌ s / AIR -buss ; French: [ɛʁbys] ; German: [ˈɛːɐ̯bʊs] ; Spanish: [ˈejɾβus] ) is a European aerospace corporation. The company's primary business is the design and manufacturing of commercial aircraft but it also has separate defence and space and helicopter divisions. Airbus has long been

5360-426: The world's largest recipient of direct foreign investment for the first time, to exceed the US. Also, it approved the establishment of nearly 500,000 foreign-investment enterprises. The US had 45,000 projects by 2004 with an in-place investment of over 48 billion. Until recently, no guidelines existed on how foreign investment was to be handled due to the restrictive nature of China toward foreign investors. Following

5440-424: The world's leading helicopter manufacturer and, in 2019, also emerged as the world's biggest manufacturer of airliners. The company was incorporated as the European Aeronautic Defence and Space Company ( EADS ) in the year 2000 through the merger of the French Aérospatiale - Matra , the German DASA and Spanish CASA . The new entity subsequently acquired full ownership of its subsidiary, Airbus Industrie GIE ,

5520-465: Was a four-engine aircraft with two full-length passenger seating decks. Intended to challenge the dominance of the Boeing 747 in the long-haul market, the A380 was ultimately a money-losing venture for Airbus due to large development costs and limited sales, and production ended in January 2022. The A350 , a wide-body, twinjet aircraft was introduced in 2013. The A350 was the first Airbus aircraft made largely from carbon-fiber-reinforced polymers . It

5600-413: Was a partner in the Eurofighter consortium as well as in the missile systems provider MBDA . Airbus Helicopters , formerly known as Eurocopter, is a helicopter manufacturing and support company. The 10 largest shareholder of Airbus in early 2024 were: The corporate management of Airbus is: Airbus has several final assembly lines for different models and markets. These are: Airbus, however, has

5680-416: Was chosen. This font was retained in the logos of Airbus Group NV (2014–2015) and Airbus Group SE (2015–2017), then Airbus SE: The Airbus product line started with the A300 in 1972, the world's first wide-body , twinjet aircraft. The aircraft greatly benefited from the 1976 introduction of the ETOPS 90 rule, which allowed twinjet aircraft to operate up to 90 minutes (increased from 60 minutes) away from

5760-581: Was developed for European NATO members, Belgium, France, Germany, Luxembourg, Spain, Turkey, and the UK, as an alternative to relying on foreign aircraft. During development, the A400M programme faced delays and cost overruns; with customer nations stepping in offer additional subsidies. The first aircraft was delivered to the French Air Force in 2013, and by 2023, more than 100 aircraft had been built. The Defence and Space division also market and assembles

5840-716: Was formed in January 2014 as part of the group restructuring from the former EADS divisions Airbus Military , Astrium , and Cassidian (composed of Cassidian Electronics – develops and manufactures sensors, radars, avionics and electronic warfare systems for military and security applications, Cassidian Air Systems – develops manned and unmanned aerial systems (UAVs), mission avionics, electronic defence and warning systems and Cassidian Systems – provides global security systems such as command & control, lead system integration, TETRA and TETRAPOL communication systems for public safety, industry, transportation and defence. This line of business

5920-510: Was manufactured from 1981-1998. Building on its success with the A300, Airbus worked to develop a narrow-body aircraft along with additional wide-body aircraft based on the A300. The narrow-body efforts led to the launch of the A320 in 1987, which was and continues to be a major commercial success. The A320 was the first commercial jet to use a digital fly-by-wire control system. All Airbus aircraft developed since then have cockpit systems similar to

6000-450: Was part of a larger deal between Safran and the local Mexican government; expansion into the production of increasingly advanced components was seen at the time as being highly likely. In May 2011, Messier-Bugatti-Dowty was formed through the merger of three Safran subsidiaries: Messier-Dowty, Messier-Bugatti and Messier Services. During 2014, the firm became the sole owner of French joint-venture maintenance company Hydrep after acquiring

6080-553: Was planning to construct the world's largest landing gear drop test rig at its facility in Toulouse , France. In 1999, Messier-Dowty announced plans to create a design office in Seattle , America , as part of an effort to work closely with Boeing on both its civil and military programmes. That same year, it was announced that a new manufacturing facility would be established in Singapore as

6160-568: Was purchased outright from TI Group by the SNECMA group. During 1998, the company decided to invest $ 30 million in the creation of a new US subsidiary, known as A-Carb , to produce carbon brakes for both Airbus and Boeing airliners. That same year, Messier-Dowty and Messier Bugatti teamed up to form a new SNECMA-held subsidiary, Messier Services , which specialised in delivering the maintenance of both landing gear systems and brake units. During late 1998, Messier-Dowty announced that, to support future product development and testing efforts, it

6240-453: Was reportedly purchased by the Russian state-owned Vneshtorgbank , bringing its share to nearly 6 %. In December 2007, Vneshtorgbank sold EADS shares to another state-controlled bank, Vnesheconombank . EADS shares were to be delivered by Vneshekonombank to the charter capital of JSC United Aircraft Corporation in 2008. On 3 October 2006, shortly after EADS admitted further delays in

6320-527: Was responsible for the design, development, qualification testing, manufacturing and in-service support of the main gear. In the following year, the firm invested around C$ 2 million in the introduction of robotic surface finishing of its landing gear outer fittings at its plant in Mirabel, Quebec , Canada . In March 2010, Messier-Dowty opened a new undercarriage components factory in Querétaro , Mexico . The facility

6400-408: Was the first one in the world to begin field tests with TETRA Enhanced Data Service (TEDS). The Airbus Military division, which manufactured tanker, transport and mission aircraft; Airbus Helicopters , the world's largest helicopter supplier; Astrium , provided systems for aerial, land, naval and civilian security applications including Ariane , Galileo and Cassidian . Through Cassidian, EADS

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