Thursday, 21 November 2019

XXXVII, No 21, 04/11/2019

Airbus suspends helicopter production project in Romania – writes off €10m

Airbus Helicopters has suspended a production project in Romania after the country failed to move ahead with a planned procurement. The company has invested €10m in the project. It had allocated €15m.
Airbus would have transferred technology to the state-owned aerospace producer IAR Brasov, including the ability to conduct assembly and completion activities.

 

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