Airbus ready for linkup with GCAP, CEO says

What happened: Airbus CEO Guillaume Faury said Airbus could join the British-Japanese-Italian GCAP fighter jet consortium after the Franco-German scheme collapsed in June. Key numbers: GCAP countries have allotted more than $5.5 billion for the jet, targeting service by 2035. Canada joined as an observer. Why it matters: Faury said Germany is in contact with other countries over possible partnerships, and joining GCAP is one potential option. He said Airbus still believes Europe needs a sixth-generation fighter.

Airbus CEO Guillaume Faury said Airbus could join the British-Japanese-Italian GCAP fighter jet consortium after the Franco-German scheme collapsed in June.

Faury said Germany is in contact with other countries over possible partnerships, and joining GCAP is one potential option. He said Airbus still believes Europe needs a sixth-generation fighter.