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Finance deal a 'boost' for Airbus workers in the North West, Osborne says

The giant Airbus Beluga at Broughton today. Credit: ITV News.

The Airbus factory near Chester is celebrating an historic finance deal that's led to the sale of an aircraft to China.

The arrangement between the UK and China was welcomed by Chancellor George Osborne on a visit to the Broughton, near Chester.

100,000 jobs around the UK rely on the success of Airbus, he said.

The Chancellor added that it's a "great example of how the Northern Powerhouse can grow in strength".

Airbus 'may reconsider' investment if UK leaves the EU

European aerospace giant Airbus, which has a factory in Broughton, has warned of job losses and "huge" economic risks if Britain votes to leave the European Union in a referendum to be held by 2017.

President of Airbus Group UK has warned about the possible consequences of leaving the EU. Credit: Press Association

A decision to quit the EU would raise doubts about Airbus's long-term future investments in the country, according to President of Airbus Group UK, Paul Kahn. Airbus employs 16,000 people in the UK.

He said:

"If after an exit from the European Union, economic conditions in Britain were less favourable for business than in other parts of Europe, or beyond; would Airbus reconsider future investment in the United Kingdom? Yes, absolutely".

– Paul Khan

Mr Kahn added that the long-term economic risks of a potential British exit were "huge".



Airbus order safeguards jobs

The Prime Minister has confirmed that Airbus in Broughton have been given a multi billion pound shot in the arm.

Mr Cameron confirmed that the company will work on an order for a hundred new A 320 aircraft for Air Asia.

It'll help to safeguard 1500 jobs and more in the supply line.

Heres Elaine Willcox.

Airbus deal safeguards jobs in the region

Airbus has announced a new order for 100 aircraft which it said will help sustain 9,000 jobs.

Prime Minister David Cameron joined the airline's founder during a visit to the Airbus factory in Broughton, North Wales, where the order was announced.

It'll help to safeguard 1500 jobs in our region and more in the supply line.

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