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Airbus (EADSY.PK) backs the Rolls Royce-Pratt Whitney (UTX) joint venture to build turbofans for...

Airbus (EADSY.PK) backs the Rolls Royce-Pratt Whitney (UTX) joint venture to build turbofans for future mid-size aircraft, as CEO Tom Williams points to the deal as a competitive help for the A320. The loser in the deal looks to be General Electric (GE), with the new JV able to match its package deals.
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