EADS okays 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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MESEBERG, Germany, Feb. 23 Germany and France support a fair division of the long-awaited restructuring of pan-European aircraft maker Airbus, the countries ' leaders said Friday.Comment
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Shareholders in Airbus SAS have approved the launch of a new A350 passenger jet to rival Boeing Co.&#39;s 7E7, a spokesman for Airbus parent EADS said Friday.
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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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European plane maker Airbus finally won approval to press ahead with a rescue plan on Monday, clearing the way for major job cuts and signalling an end to Franco-German tensions over the restructuring of the company.
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The board of EADS, the parent company of Airbus, the aerospace giant, will tomorrow give the green light to develop its new aircraft, the A350.
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European planemaker Airbus won approval from its shareholders on Friday to unleash a fresh marketing battle against arch-rival Boeing by seeking orders for a fuel-saving, wide-body jet to be called the A350.
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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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MUNICH, Germany  - Losses at planemaker Airbus slashed operating profit at Franco-German parent EADS  by 86 percent to 399 million euros ($525 million) in 2006, but the fall was cushioned by profits in defense, the group said.
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Major shake-up will slash 10,000 jobs Airbus yesterday rolled out its "Power8" restructuring programme which will see the company shed 10,000 jobs over the next four years.â¦
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Planemaker Airbus confirmed on Monday that its newly approved A350 XWB would be funded by a combination of internal and external market sources and did not rule out taking government development loans.
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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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European aircraft manufacturer Airbus is sure to attain 300 million euros (400 million dollars) in savings this year from its Power8 restructuring program, chief executive Louis Gallois said ahead of the Paris Air Show.
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Germany and France support a "fair division" of the long-awaited restructuring of pan-European aircraft maker Airbus, the countries' leaders said Friday.Comment
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The co-chief executive of EADS said the parent of the airplane manufacturer Airbus will be in a better position at the end of 2006 despite a turbulent year that saw major delays in the A380 superjumbo airliner program and a loss of ground to U.S. rival Boeing Co.
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European aerospace group EADS reports higher-than-expected profits, boosted by sales in its Airbus plane-making subsidiary.
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Airbus will cut 10,000 jobs over four years, parent company EADS said Wednesday as it unveiled a restructuring plan aimed at helping the planemaker recover after delays to its A380 superjumbo and other setbacks.