Airbus, which is the world's second largest plane maker, will buy...
Airbus, which is the world's second largest plane maker, will buy $100 million of wing parts for its 555-seat A380 aircraft from Korea Aerospace Industries Co., the Korean company has said.
The Airbus company, that is eighty percent controlled by European Aeronautic Defense & Space Co., will buy the wing panels over a period of twenty years, Korea Aerospace said in a faxed statement. South Korea's biggest aircraft maker will help Airbus develop the wing panels for the A380, which will become the largest passenger aircraft when it enters service in 2006.
Korea Aerospace already makes wing parts for Airbus' A319, A320, A330 and A340 models. The Korean company also manufactures parts for the 737 and 747 jetliners made by rival Boeing Co., the world's largest planemaker.
The Korean company said that the order will raise the ratio of sales derived from civilian contracts to thirty percent from the current fifteen percent.