EADS board split over new Airbus plane: source
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Disagreement over the funding of a $10-billion new plane project at Airbus has forced parent firm EADS  to cancel a Friday board meeting which was due to decide on whether to go ahead with the development, an industry source said on Friday.
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The board of European aerospace group EADS EAD.PA> gave the green light on Friday for the development of the Airbus A350, its latest design for a mid-sized jet, EADS said in a statement.
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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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European plane-maker Airbus has warned it may need 15 years to catch up with and overtake US rival Boeing, while the co-chief executive at parent company EADS said plans for the new mid-size A350 jet might have to be scrapped.
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Airbus parent EADS  on Monday  postponed a major restructuring announcement planned for  Tuesday, saying its European political backers could not agree  on how to share out construction of its future A350 aircraft.
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Airbus manufacturer EADS denied reports in French daily Le Monde Saturday that it had published misleading information now being investigated by French financial markets regulator AMF.
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Job cuts at Airbus may be up for debate at a company board meeting, a union at the planemaker warns.
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MUNICH, Germany  - European aircraft maker Airbus   EAD.PA said a newspaper report that it was set to announce   fresh delays to deliveries of its A380 super jumbo was   speculation and that checks into the issue were not yet over.
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Plane maker Airbus got tentative  approval on Monday to market a new model to rival Boeing Co.'s  7E7 from parent firm EADS, which said a final decision was  expected next month.
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Airbus and its parent company EADS could disclose new delivery delays for the A380 superjumbo as well as a restructuring plan for the aircraft manufacturer following a meeting of EADS directors.
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The head of Airbus is not ruling out abandoning the Airbus A350 XWB project, a redesigned version of the planemaker's slow-selling mid-sized plane, because of the delays in the A380 superjumbo, the Financial Times reported.
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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 board of troubled aviation firm EADS is meeting for the first time since announcing delays to Airbus production.
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The board of directors at European aeropsace group EADS was to convene again Tuesday to discuss delivery delays plaguing the Airbus A380 superjumbo as well as a proposed restructuring of the aircraft manufacturer, a source close to the matter said.
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Airbus on Monday postponed a major announcement on job cuts planned for Tuesday, saying European nations could not agree how to share the work on the planemaker's next aircraft, the wide-body A350.Comment
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The head of Airbus accused U.S. rival Boeing of leading a "campaign of untruths" against the European aircraft maker, and gave the clearest sign yet that Airbus plans to develop a new rival to the Boeing 7E7.
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European aerospace group EADS has postponed until next week a board meeting on the future of the Airbus A350 XWB passenger jet programme, key shareholder Lagardere said.