PARIS (AP) — Airbus said Monday it wants suppliers to its A350 XWB mid-size airliner to fund more than 15 percent of the cost of the project, the company's 11.6 billion euro ($15.4 billion) answer to the Boeing 787 "Dreamliner."
But the European planemaker said no decision had been made on the rest of the funding or where to build the new plane, planned to enter service in 2013.
Giving his first news conference as Airbus CEO, Louis Gallois confirmed the overall program cost but warned that he would give no information about future increases unless the budget was altered by a "material" amount.
"We feel under no obligation to update these figures in the future, any more than our competition does," Gallois said. Boeing refuses to say how much it is spending on the 787.
Monday's presentation was scheduled at short notice, three days after the board of Airbus parent EADS approved the launch of the A350 — which it badly needs to plug a gap in the European aircraft maker's product line. Airbus is set to fall behind Boeing on orders this year for the first time since 2000.
The overall program cost includes 10 billion euros ($13.3 billion) in research and development funding and a further 1.6 billion euros ($2.1 billion) of capital expenditure announced by Gallois, who also stayed on as EADS co-chief executive after his appointment in October to replace departing Airbus boss Christian Streiff.
The figure is significantly higher than the 8 billion euros ($10 billion) number given by Tom Enders, the other EADS chief executive, before July's Farnborough Air Show. Airbus said during the show that the A350-900 would be 7 percent cheaper to run than the rival Boeing 787-9, based on operating cost per seat.
To meet that promise — repeated Monday — the European aircraft maker has had to pare weight from its design by increasing the share of composite materials to 50 percent, compared with the 45 percent it announced in July.