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

|About: Airbus Group SE ADR (EADSY)|By:, SA News Editor

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.