German EADS investor talks could drag into 2007
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Talks on finding investors to safeguard  German influence in European aerospace firm EADS  could  push into early 2007, German government spokesman Thomas Steg  said on Monday.
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PARIS/MELBOURNE  - 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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Rainer Hertrich, German co-chief executive of the European Aeronautic Defence and Space company (EADS) will leave his post in 2005 at the end of his contract, a company spokesman revealed.
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Germany could take a direct stake in the aerospace group EADS in 2010, replacing a consortium of investors and German states, a press report said Wednesday, quoting an economy ministry official.
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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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French President Nicolas Sarkozy meets German Chancellor Angela Merkel on Monday to try to agree on who will run the troubled European aerospace group EADS, which manufactures Airbus.
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Speculation is rife in the French press about the future shape of the management at aerospace giant EADS, ahead of a possible decision at a July 16 Franco-German summit to simplify its structure.
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European aerospace group EADS   will unveil restructuring measures aimed at saving 2 billion  euros ($2.53 billion) a year this week after new delays in  deliveries of its A380 superjumbo, financial daily Les Echos  reported, without quoting sources.
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French and German executives are in a bitter dispute over the leadership of aerospace firm EADS.
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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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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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Airbus parent EADS said Tuesday that the flagship A380 superjumbo jet will be delayed for another year and Virgin Atlantic and Emirates &#151; the plane's biggest customer &#151; hinted that the new setbacks could lead to order cancelations.
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France and Germany appeared headed for another industrial row on Monday over a French plan to merge Airbus parent EADS with French defense group
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The cost of developing Airbus's new A380 super-jumbo will be much higher than planned, but the European Aeronautic Defence and Space Company (EADS) still hopes to meet or exceed its earnings forecasts this year.
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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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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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French government negotiators were in talks late Sunday with the two main private shareholders of EADS seeking to complete a deal on simplifying the companyâs management structure.