Bond Issue In Place For Airbus' Mobile, AL Assembly Plant | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.20.24

Airborne-Unlimited-05.28.24

 Airborne-FlightTraining-05.29.24 Airborne-Unlimited-05.30.24

Airborne-Unlimited-05.24.24

Thu, Aug 22, 2013

Bond Issue In Place For Airbus' Mobile, AL Assembly Plant

Facility Expected To Open In 2015

The Mobile, AL Airport Authority has secured a $260 million bond issue backed by Airbus' credit for the construction of the A320 final assembly plant at the Brookley Aeroplex. 

The bond issue was confirmed late Monday by Roger Wehner, executive director of the Mobile Airport Authority, which has jurisdiction over the Aeroplex. Al.com reports that the bond will be retired by lease payments made by Airbus on the 116 acre facility.

Wehner said no city money has gone into the bond issue. It is being backed entirely by Airbus, and all of the proceeds from the bond sales will go towards the construction of the European planemaker's first final assembly plant in the U.S. The bonds will be issued at the end of the month.

Airbus forecasts that the plant will be completed in 2015, with the first U.S.-assembled A320 delivered to a customer the following year. It is expected to eventually produce 40 to 50 airplanes each year.

(Artist's rendering of Mobile final assembly plant provided by Airbus)

FMI: www.brookleyaeroplex.com, www.airbus.com

Advertisement

More News

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

ANN's Daily Aero-Linx (05.29.24)

Aero Linx: International Association of Professional Gyroplane Training (IAPGT) We are an Association of people who fly, build or regulate Gyroplanes, who have a dream of a single >[...]

ANN's Daily Aero-Term (05.29.24): NORDO (No Radio)

NORDO (No Radio) Aircraft that cannot or do not communicate by radio when radio communication is required are referred to as “NORDO.”>[...]

ANN's Daily Aero-Term (05.30.24): Beyond Visual Line Of Sight (BVLOS)

Beyond Visual Line Of Sight (BVLOS) The operation of a UAS beyond the visual capability of the flight crew members (i.e., remote pilot in command [RPIC], the person manipulating th>[...]

ANN's Daily Aero-Linx (05.30.24)

Aero Linx: Malibu M-Class Owners and Pilots Association (MMOPA) The Piper M-Class Owners & Pilots Association (PMOPA) is a not-for-profit organization dedicated to the interest>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.31.24: 1Q GA Sales, 200th ALTO LSA, Spitfire Grounding

Airborne 05.30.24: High Time B29 Pilot, KLAL Teams With ACE, CHOPPER COPS

Airborne-Flight Training 05.29.24: Coe College, NetJets Issues, Wayman Financing

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC