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Airbus, Safran create space launch joint venture
Imaduddin
16 Jun, 2014
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![](https://i.brecorder.com/images/2014/06/airbus.jpg">PARIS: Airbus Group and Safran confirmed plans on Monday to combine work on space launchers, accelerating efforts to fend off a growing threat to Europe's Ariane space rocket from U.S. low-cost rival SpaceX.</P><P>The move is the first step towards consolidation after Airbus Group's chief executive Tom Enders, speaking exclusively to Reuters last month, called for a fundamental rethink of the complex way Europe designs and builds launchers.</P><P>Executives discussed the new venture with French president Francois Hollande, who called it a )