Source: morningstar.com
Airbus Optimistic To Start Hamburg Runway Extension Soon
FRANKFURT -European aircraft maker Airbus (ABI.YY) said Monday it is "very optimistic" it will start extending its runway at Hamburg-Finkenwerder soon following approval by a court in the German city of Hamburg earlier Monday.
"Airbus is happy to have passed another important legal hurdle," the company said in a statement. In 2004 the extension was put on hold after local property owners opposed the company's plans.
Opponents of the extension could appeal against the court's decision, Airbus said.
Airbus wants to extend the runway for its A380 super-jumbo aircraft.
Airbus is part of European Aeronautic Defence and Space Co NV (5730.FR).
Company Web site: http://www.airbus.com
Airbus Optimistic To Start Hamburg Runway Extension Soon
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