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Business

The new A380 to create 40.000 Jobs

The A380, the new-size aircraft being built by European jet maker Airbus, will account for 25-30 percent of the group's sales each year from 2008, Airbus chief Noel Forgeard said in a newspaper interview published Friday. "We're expecting deliveries to reach 35 a year from 2008. The A380 will account for 25-30 percent of our sales and a bigger part of our earnings," Forgeard told the daily Sueddeutsche Zeitung. The A380, which will be presented to the press next week, is expected to have a life-cycle of 40 years, during which Airbus is expected to deliver more than 700 aircraft in total and generate revenues of some €150 billion ($197 billion) for the group, Forgeard said. In addition to this, construction of the A380 is expected to create jobs for up to 40,000 people. According to the Chief of German Federation of Air and Space Industry (BDLI) Hans-Joachim Gante, around 4,400 jobs have already been created in the yard in Hamburg.

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