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A Vueling Airbus A321 approaches for landing in Lisbon at sunrise, with the moon in the background, Tuesday, February 7, 2023. (AP Photo/Armando Franca)

The world’s largest aircraft manufacturer Airbus can again ask European countries for financial help in the development of its next medium-range aircraft.

The company may need government support, Airbus boss Guillaume Faury said in an interview with the Financial Times on Tuesday. The manufacturer aims to launch a new generation of medium-range aircraft with lower fuel consumption over the next decade, which will replace the highly sought-after A320neo model family. Airbus also wants to develop a smaller hydrogen-powered passenger plane by 2035.

According to previous statements, the development of the new aircraft types is likely to cost the DAX group a double-digit billion euros each. According to Faury, Airbus is in a sufficiently good financial position to be able to manage both projects independently. The group recently had an order book for approximately 8,000 passenger and freight aircraft. Nevertheless, Faury is thinking about how governments can support development – ​​to enable the decarbonisation of air transport.

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Amelia

Amelia

I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.

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