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* A350 reaches Airbus paint shop as development progresses

* Maiden flight expected in late June or early July

* Airbus eschews traditional rollout for its newest jet

* Analysts pore over details of 787 competitor’s debut

By Tim Hepher

LONDON, May 8 (Reuters) – Airbus has started

painting the A350, a sign it is approaching a maiden flight, but

has bowed to the industry’s increasingly pragmatic mood by

deciding against a traditional “rollout” for its newest jet.

Eight years after European leaders witnessed a spectacle

worthy of stadium opera to launch the A380 superjumbo, Europe’s

latest aeronautical venture will prepare to leave the nest with

less fanfare in an industry sobered by delays and technical

mishaps.

The first coat of paint in Airbus livery should be ready on

the A350 next week, people familiar with the project say.

After that, the high-tech carbon-composite jet will be all

dressed up with nowhere to go until the first flight, which most

industry sources expect in late June or early July.

The lack of pomp reflects growing emphasis on project

“execution” after Airbus, Boeing and other manufacturers

endured multiple delays and problems culminating in the

three-month grounding of Boeing’s 787 Dreamliner earlier this

year.

Asked recently whether Airbus would hold an A350 rollout

ceremony, Airbus Chief Executive Fabrice Bregier told Reuters,

“Probably not. We’ll go straight to our first flight.”

The flight’s timing may disappoint enthusiasts hoping to see

the jet, developed at an estimated $15 billion, at the Paris

air show on June 17-23.

Bregier has said he will not be tied to PR deadlines after

slowing the project to weed out any glitches. Airbus says the

A350 will enter service on time, however, in mid-2014.

The CSeries jet, rolled out by Canada’s Bombardier

in March, is also expected to miss the Paris show, which is

likely to be dominated by a return of popular Russian fighter

displays.

ROLLOUTS ‘DEVALUED’

For years, aerospace manufacturers have vied to produce

lavish rollouts to show off their latest creations.

The showbiz end of the industry is seen as an important step

in the marketing of a new plane, demonstrating to airline buyers

and aerospace investors that an aircraft’s metamorphosis from

designer’s imagination to real flying machine is complete.

Airbus and Boeing threw giant parties for the A380

superjumbo and 787 Dreamliner, but the celebrations turned into

a costly hangover when both projects were later delayed. Boeing

was criticised for displaying a partially completed shell.

“The rollout concept perhaps became a bit devalued by the

presentation of an empty 787 with the wrong fasteners and no

cockpit,” said Agency Partners analyst Nick Cunningham.

“Historically, rollouts have been a great way of raising the

profile of a new airliner. But it is understandable if Airbus

feels that a first flight event can serve that purpose more

effectively,” said Andrew Doyle, Editor of Flight Daily News.

With Airbus already describing the A350 schedule as

“challenging”, the company is also seen as wary of giving

customers the impression it is being distracted – having held an

inauguration for the A350 assembly plant just six months ago.

The outspoken chief executive of Qatar Airways, the jet’s

launch customer, has criticised Airbus and Boeing over delays

and said this week the 787 grounding had cost it $200 million.

Shares in Airbus parent EADS rose 1.3 percent to

41.25 euros on Wednesday, outperforming European markets, having

risen 38 percent so far this year.

RBC Capital Markets analyst Rob Stallard said in a note

that the stock price would be sensitive to “any incremental news

on the A350 development”.

Airbus is expected to hold media briefings in early June.

RAZZLE DAZZLE

Here are some bashes that won’t be repeated for the A350.

Feb 1987 – Britain’s Prince Charles and Princess Diana pour

champagne over the nose of the A320 at a Valentine’s Day debut.

April 1994 – Boeing commissions entertainer Dick Clark to

stage a Hollywood-style show for its 777 wide-body jet under 1.5

million watts of theatrical lighting – 16 times in total.

July 2007 – Boeing throws a party for 15,000 guests as it

unveils the world’s first mainly carbon-fibre jetliner, the 787.

Sept 2007 – Russia allows foreign civilians into its

ultra-secret Sukhoi fighter factory for the rollout of the first

post-Soviet jetliner, the Superjet, flanked by dozens of models.

June 2008 – King Juan Carlos of Spain, a trained pilot,

lends royal glamour to the Airbus A400M rollout in Seville.

Feb 2011 – Airline bosses and workers don Boeing-supplied

sunglasses indoors to watch a revamped jumbo, the 747-8, appear

in a surprise new orange and red “sunrise livery”.

March 2013 – Canada’s Bombardier, which is challenging the

Airbus and Boeing duopoly in small jets, lifts the curtain on

its $3.4 billion CSeries plane bathed in blue light and dry ice.

(Additional reporting by Karen Jacobs; Editing by Will

Waterman)