Airbus, Safran team up for joint venture in space launchers
Credit: Reuters/Regis Duvignau
The logo of Airbus Group is seen during the first public flight of an E-Fan aircraft during the e-Aircraft Day at the Bordeaux Merignac airport, southwestern France, April 25, 2014.
Reuters reported the move towards closer industrial co-operation on Sunday.
It is the first concrete step towards consolidation after Airbus Group Chief Executive Tom Enders, speaking exclusively to Reuters last month, called for a shake-up to preserve Europe's commercial access to space in the face of new competition.
His call for a bigger industry say was triggered by the arrival of low-cost U.S. based Space Exploration Technologies (SpaceX), run by electric car mogul Elon Musk, but Russia and China are also seen as challenging competitors.
(Reporting by Geert De Clercq and Tim Hepher, editing by Louise Heavens)
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