EADS says underestimated Boeing, seeks Airbus fix
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The co-head of European  aerospace firm EADS  admitted its Airbus unit had  clearly underestimated archrival Boeing  and said the  priority was to fix problems at Airbus, which is trailing its  U.S. competitor in aircraft sales.
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European aerospace group EADS admitted that its Airbus A380 superjumbo was set for further delays, and a newspaper report said huge cost cuts and a production switch out of the eurozone were being considered.
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The French co-head of aerospace group  EADS  brushed off negative comments from estranged  shareholder BAE Systems  on Thursday, saying the Airbus  parent was weeks away from resolving some of its key problems.
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Shares in EADS, the parent of jet-maker Airbus, rose Wednesday on reports that a Russian bank had bought more than 4 percent of its stock. But EADS retracted an earlier comment in which it said Moscow-based Vneshtorgbank had confirmed the acquisition.
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BRUSSELS: The European Union yesterday demanded Washington explain more clearly how it subsidises Boeing Co and warned it would counter any US challenge targeting EU rival Airbus Industrie before the World Trade Organisation.
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Airbus parent EADS  decided on Friday to go ahead with a new mid-sized jetliner to strike back at Boeing  in their fight for market share and restore pride shattered by delays to its A380 superjumbo.
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Airbus parent EADS  decided on  Friday to go ahead with a new mid-sized jetliner to strike back  at Boeing  in their fight for market share and restore  pride shattered by delays to its A380 superjumbo.
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European aircraft maker Airbus took almost as many orders as its US rival Boeing last year, the chief executive of its parent company EADS, Louis Gallois, said here on Thursday.
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Fitch Ratings on Friday downgraded the European aerospace giant EADS, the parent group of planemaker Airbus, due to "pressure" on its earnings margins and cash flow generation.
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The head of US aircraft maker Boeing, Harry Stonecipher, said Friday that the recovery in the sector would not be as strong as arch-rival Airbus was anticipating.
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European leaders have been making false claims in a commercial-aircraft trade dispute pitting Boeing Co.  against its Europe-based rival Airbus, a U.S. senator close to Boeing said on Thursday.
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PARIS The battle between Boeing and Airbus, which has culminated in the filing of competing unfair trade cases over government aid to the world&#39;s two largest aircraft manufacturers, appears on the surface to be based on simple issues.
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The European aircraft manufacturer Airbus is to launch a new plane, the A350, that will challenge the future Boeing fuel-efficient 7E7, Airbus owners EADS and BAE Systems said.
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MELBOURNE/PARIS  - The world's airlines were forced to review growth plans and investors hammered the shares of Airbus parent EADS  on Wednesday after the European planemaker announced more delays to its A380 superjumbo.
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The company&#39;s CEO says an aircraft to compete with the 7E7 Dreamliner could be offered by the end of the year. Airbus SAS plans to challenge Boeing Co.
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Was it a bluff? Or is Boeing just being generous?
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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.