EADS agrees Airbus restructuring
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The board of European defence firm EADS approves a much-awaited restructuring plan for Airbus.
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European plane maker Airbus is to finally unveil its restructuring plan on Wednesday amid signs of growing frustration in its workforce and strong resistance from trade unions.
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Airbus turned the Paris Air Show into a festival of new orders on Wednesday, announcing a giant deal with Indian group Kingfisher Airlines and boasting that its order book had swollen by 75 billion dollars (56 billion euros) this week.
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Airbus has received approval from its shareholders, EADS and BAE Systems to begin making firm commercial offers to launch customers for two new members of its wide-body Family.
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The parent company of the aircraft maker Airbus said its board had approved a turnaround plan, one week after shareholders were asked to overcome narrow national issues.
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The French government plans to merge Airbus parent EADS with defense company Thales to create a new European giant to rival Boeing Co.
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The board of Airbus parent EADS approved a restructuring plan for the troubled European aircraft maker Monday, breaking a weeklong deadlock over job cuts and future jet programs between France and Germany.
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The European aerospace group EADS named on Wednesday three companies -- MT Aerospace of Germany, Latecoere of France and Britain's GKN -- to take over six plants being divested as part of a restructuring plan at its Airbus unit.
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The German co-chief executive of European aerospace group EADS, Thomas Enders, said Monday he would now head the Airbus aircraft unit and that Frenchman Louis Gallois would become the sole chief executive at EADS.
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BANGALORE, India  - European consortium Airbus Industrie won its second deal in a week from India&#39;s growing budget airline business, selling 30 Airbus A320 aircraft to Air Deccan.
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Airbus parent EADS said Wednesday it has chosen three European companies as preferred bidders for six manufacturing sites it is selling in a major restructuring plan.
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Noel Forgeard, the co-chief executive of European defense group EADS, stepped down Sunday as part of a management shake-up aimed at restoring investor and customer confidence after Airbus disclosed production delays for its new A380 superjumbo jet.
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Airbus and its parent company EADS could disclose new delivery delays for the A380 superjumbo jet as well as a restructuring plan for the aircraft manufacturer, following a meeting of EADS directors.
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BERLIN -- DaimlerChrysler AG said Friday it sold a third of its stake in EADS, the parent company of planemaker Airbus, to a private investment group in a deal that will maintain the balance between German and ...Comment
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The German government will review its defence contracts with Franco-German aeronautics company EADS if the restructuring of Airbus severely harmed German interests, Economy Minister Michael Glos has warned.
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The board of European defence firm EADS approves a long-awaited restructuring plan for Airbus.
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TOULOUSE, France  - Airbus workers downed tools and staged protests as a company shake-up due later on Wednesday was expected to confirm plans for factory sales and thousands of job cuts.