Airbus: From Challenger to Leader |
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The Takeoff Contd...Each partner in the consortium was assigned specific production and assembly tasks, and the consortium was responsible for coordinating designing, development, financing and production activities of the partners.
In 1979, British Aerospace Systems (BAE Systems) entered the consortium with a 20% stake, and in the same year, Airbus announced that it would launch a single-aisle aircraft with a seating capacity of 130-170; the aircraft was later called the A-320.
2] Eastern Airlines was one of the largest airlines in US, which operated on eastern coast routes. It was liquidated in 1991 due to heavy losses. |
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