MOBILE, ALA. — European aerospace giant Airbus will build its first airplane factory in the U.S., aiming to compete better against archrival Boeing.
The Mobile, Ala., factory – due to start up in 2015 – is expected to employ 1,000 people when it reaches full production two years later. Airbus hopes the plant will lower costs and improve its chances of winning business from the U.S. military. Last year, Boeing beat out Airbus’ parent for a major Air Force contract.
The new $600 million plant will make A320 passenger jets, which compete head-to-head with Boeing’s 737. Those planes are the minivans of the airline world – widely-used people-haulers generally flown on short- and medium-haul trips. They generally carry about 150 passengers.
Duke Power gets OK to buy Progress
COLUMBIA — South Carolina utilities regulators gave the final approval needed before Duke Energy can complete its takeover of Progress Energy.
Public Service Commission of South Carolina decided Monday that the merged company could more efficiently and economically operate its combined electrical generation system than the two companies could do separately.
Regulators say they’ll review the combined company’s operation in a year.
The combined company will serve about 7 million customers in South Carolina, North Carolina, Kentucky, Ohio, Indiana, and Florida.