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September 2022, Virtual
September 29 2022, Virtual
AIRBUS, the European aircraft manufacturer, will source half its components from suppliers outside Europe to cut costs and increase global reach, it announced. Main beneficiaries will be China, Russia and Japan. Airbus, owned 80% by European aerospace giant EADS and 20% by the UK's BAE Systems, is outsourcing about 20% of components for the A380 to non-European companies.