Airbus plan runs into German veto
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French Airbus chief Louis Gallois is drawing up compromise restructuring proposals, people familiar with the discussions said Tuesday, after the main German shareholder blocked a plan designed to help the ...Comment
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New shareholders should not be admitted  to European plane maker EADS's  shareholder pact,  German Chancellor Angela Merkel said in a newspaper interview  when asked about allowing Russian investors to buy in.
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Airbus, the European airliner maker caught in a five-month crisis over restructuring and cutbacks, faced a watershed on Wednesday with the announcement of the plan to make huge cost savings and reorganise the business.
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The German government rejected a magazine report on Saturday that France was blocking a German consortium from taking over a stake in aerospace group EADS  from core shareholder DaimlerChrysler .
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Airbus postpones a key decision on a major overhaul of the business, amid disagreement between its various European partners.
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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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German newspapers have accused French and German politicians of putting the future of Airbus at stake by interfering in the crucial restructuring of the troubled airplane maker.
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Arguments over a rescue plan for Airbus could be decided by French and German government leaders on Friday amid warnings to politicians that cutbacks are now urgent despite conflicts over national interests.
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The EU reiterates support for Airbus, amid reports that airline Lufthansa is mulling a major deal with rival Boeing.
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The crisis at Airbus is to feature in a top-level Franco-German meeting in Paris this week amid a blur of uncertainty over cuts to pull the flagship A380 superjumbo out of trouble.
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European aircraft manufacturer Airbus delayed unveiling its long-awaited rescue plan, pointing to renewed strains between Germany and France about about where cuts will fall.
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Airbus, seeking to reverse its fortunes after a crushing year, faced a bruising battle Wednesday in presenting a plan expected to include massive job losses across Europe and the sale of a number of plants.
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The German co-chief executive of the European Aeronautic Defence and Space Company, Rainer Hertrich, denounced Tuesday reported plans by Airbus CEO Noel Forgeard and French President Jacques Chirac to put a ...
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Talks to resolve a dispute between the European Union and America over alleged unfair subsidies to plane maker Airbus ended in deadlock yesterday, raising fears of a trade war between the two blocs.
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New European Commissioner Peter Mandelson and US Trade Representative Robert Zoellick failed to make headway today on a transatlantic stand-off over subsidies for Airbus and Boeing.
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Germany may cancel orders placed with European aerospace firm EADS if the company shifts production at its Airbus unit out of the country, German Economy Minister Michael Glos was quoted as saying on Sunday.Comment
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A dispute between the French government and the main shareholders of Airbus parent EADS is holding up a decision on the A350 jet's launch, two people close to major EADS shareholders said Friday.