France 'seeking to secure control of EADS'
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The French government is seeking to take control of European aerospace giant EADS by pushing for a capital increase to finance development of the new A350 long-haul jet, German newspapers have reported.
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The German government is not issuing any threats, but was simply discussing a possible review of its defence contracts with European aeropace giant EADS should the restructuring of its plane-making unit Airbus harm German interests.
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Paris - France has chartered several aircraft to evacuate French nationals who wish to leave Ivory Coast and bring in supplies to those who need them, the foreign ministry said in Paris on Tuesday.
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Russia is seeking a blocking stake in European aerospace giant EADS or representation on the firm's board in order to have a say in management, a newspaper has reported.
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France, Germany and Russia will form a working group to study Moscow's role in EADS, the company that runs Airbus, Russia's president said Saturday.Comment
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The European aerospace giant EADS hopes to achieve a double-digit operating margin by around 2015, a company spokesman said Thursday.
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The French government plans to merge Airbus parent EADS with Thales, the country's largest defense company, to create a new European giant to rival Boeing Co., a leading financial daily reported Friday.
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EADS is grappling with a burgeoning controversy at its aircraft unit Airbus that has exposed communications lapses and threatens to revive Franco-German friction at the heart of the European aerospace group.
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The government, goaded by presidential candidates into responding to large job cuts at the airplane maker Airbus, said it was ready to pump cash into the company and shake up a Franco-German power-sharing pact. Prime Minister Dominique de Villepin also called on the parent of Airbus, the European Aeronautic Defense and Space Company, to abandon paying a dividend this year to its shareholders, which include the French government, after announcing plans to cut 10,000 jobs. Some 4,300 of those jobs are in France. Mr. Villepin, above, said the government stood ready to participate if the holding company decided to tap its shareholders for more cash through a capital increase to shore up a company badly hit by delays to the new Airbus A380 superjumbo airliner. âThe state will play its role,â he said. However, EADSâs biggest private shareholder, the German car company DaimlerChrysler, has battled for years to prevent what it regards as state meddling.
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Germany is hoping to reach by early 2008 an accord with France on protecting the European aerospace group EADS against hostile takeovers, a German official said in an interview to appear on Tuesday.
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Russia sought to reassure  France and Germany on Saturday on its plans for Airbus parent  EADS and held out the prospect of more gas for Europe to ease  fears over Moscow's leverage of its growing economic clout.
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PARIS -- Feuding managers at EADS had their wings clipped by the French government yesterday as a succession war threatened to engulf Europe&#39;s largest aerospace firm, distracting from new plans to challenge Boeing.
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French President Jacques Chirac today meets Chancellor Angela Merkel for talks expected to centre on Franco-German tension over a major restructuring plan for European aircraft manufacturer Airbus.Comment
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French interests named the head of Airbus, Noel Forgeard, to be one of two new pilots running the European aeronautics and defence group EADS after weeks of reported tension over his role.
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French interests named the head of Airbus, Noel Foregeard, to be one of two new pilots running the EADS aeuronautics group after weeks of reported tension over his role.
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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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Rumours of a possible tie-up between French defence electronics group Thales and the European Aeronautic, Defence and Space Company (EADS) are to be discussed by the German and French economy ministers later ...