EADS says no decisions yet on Airbus restructuring
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Aerospace group EADS has told its European works council that no definitive decisions have been taken yet on the troubled Airbus A380 superjumbo and mid-size A350 projects.
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A $600m helicopter deal between India and European aircraft manufacturer EADS is in doubt.
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The announcement of its new mid-sized plane will heat up rivalry between Airbus and Boeing. The board of EADS, parent company of Airbus, is on Monday expected to approve plans for the long-awaited, $4bn-launch of a new mid-sized aircraft, the A350.
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Embattled EADS  co-Chief  Executive Noel Forgeard is likely to lose his post in a  management shakeup that is imminent, a source close to talks to  resolve an industrial crisis at the company said on Sunday.
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Troubled European aircraft manufacturer Airbus is to lift the veil Tuesday on a long-awaited restructuring plan that has already unsettled labor leaders and politicians in France and Germany.
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PARIS/MELBOURNE  - 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 again pushed back deliveries of its A380 superjumbo.
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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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The French-British defence electronics group Thales and the European aerospace group EADS do not have a plan to merge, EADS joint chairman Philippe Camus said.
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The new chief executive of the ailing aircraft maker Airbus was set to present a vast restructuring plan for the group to the board of parent company EADS, union sources said.
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Top managers at Airbus parent company EADS knew of delays in aircraft production when they sold their stock options in March, shortly before Airbus shares crashed on a shock announcement, a French daily alleged Tuesday.
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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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Airbus management began to outline a giant restructuring plan to employees following problems with its A380 superjumbo jet amid signs of political concern about the consequences of a major overhaul.
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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 parent EADS abandoned two key  executives on Sunday and brought in a steady pair of hands in  the shape of French railways boss Louis Gallois in a bid to end  a two-week crisis over delays to its A380 superjumbo.
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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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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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PARIS : The European Aeronautic Defence and Space Company (EADS) will reach a decision on launching the A350, a possible competitor to Boeing&#39;s planned fuel-efficient 7E7, on December 10, a spokeswoman for the European consortium Airbus Industrie said.