Airbus and Safran said their joint venture to take over design and production of Europe's Ariane 5 and future Ariane 6 rockets is expected to be in full operations by late 2015 following a Safran payment to Airbus of 800 million euros ($1 billion) in cash. The transfer, both companies said, will be necessary for French aerospace-engine builder Safran to maintain a 50 percent stake in the new company, which was created in January and is called Airbus Safran Launchers.
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