Thursday, July 13, 2006

Airbus Mystery Plane Set For UK Air Show Spotlight

The year's biggest air show opens near London next week, with all eyes on planemaker Airbus and its secretive plans for a new, mid-sized plane to challenge resurgent rival Boeing.

The two planemakers waged a feisty battle at the biennial event last time as the biggest winners in USD$21 billion worth of business deals announced.

This year, Airbus faces mounting pressure to reveal its mystery plane, which analysts say could cost USD$10 billion to build.

Industry sources and analysts say Airbus's top salesman, John Leahy, will be working hard to sell the concept and could have deals to announce at the Farnborough air show, which opens on Monday.

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