Co-CEO says EADS finishing 2006 stronger
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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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Ryanair chief executive Michael O&#39;Leary claimed yesterday that rising oil prices would benefit the airline, as he announced better than expected half-year profits.
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MUNICH, Germany -- Major delays to Airbus' A380 superjumbo that led to a $1.01 billion fourth-quarter loss made 2006 the worst year in European plane builder EADS NV's history, the co-chief executive officer said Friday.
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Shares of Airbus parent EADS rose after a report that the company's board will approve the launch of a new mid-sized jet to rival Boeing Co.'s 787 Dreamliner at a meeting Friday in Amsterdam.
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Airbus chief executive Louis Gallois said Wednesday there was &quot;no urgency for a capital increase&quot; by parent company EADS, but he recognised that the group would need external finance in the future.
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Philippe Camus, co-CEO of EADS, said the A350 was part of a long-term strategy for Airbus, taking both companies&#39; needs and technological progress into account.
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Corrects attribution of quote to co-CEO of Airbus parent company EADS, not Airbus CEO
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European aerospace giant EADS more than doubled its profit in the first nine months of the year, topping market expectations as a rebound in civil
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European aerospace giant EADS is considering selling its stake in French aircraft maker Dassault Aviation, German co-CEO Tom Enders told the Financial Times on Friday, an assertion later challenged by his French counterpart.
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Noel Forgeard, chief executive of European Aeronautic Defence and Space Company's unit Airbus, appears to be the hands-down favorite to replace EADS co-CEO Philippe Camus when his term expires in July.
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TORONTO (CP) - Air Canada&#39;s new regional jets, including 50-seat Bombardier planes that start arriving next month, will put the company in better shape to compete than its rivals, CEO Robert Milton boasted Monday.
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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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Germany has defended its interests in European aerospace giant EADS and has increased its say in the company under the management shake-up unveiled this week, deputy economy minister Peter Hintze said in a newspaper interview Tuesday.
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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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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 head of Boeing Co.'s  commercial aircraft unit on Sunday backed a call by rival Airbus to work closely on producing more environmentally friendly planes, but said real progress was the responsibility of jet engine makers, rather than plane builders.
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EADS, the European Aeronautic Defence and Space Company, is expecting deliveries of its Airbus aircraft maker to rise by 10 percent next year, the group's co-chairman Rainer Hertrich revealed.