Airbus will not weigh on Franco-German relations: government official
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Franco-German relations will not be negatively affected by the current crisis at aircraft maker Airbus and tough negotiations about restructuring, a high-ranking German government official said on Wednesday.
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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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MESEBERG, Germany, Feb. 23 Germany and France support a fair division of the long-awaited restructuring of pan-European aircraft maker Airbus, the countries ' leaders said Friday.Comment
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Airbus said Monday it will not seek government-backed financing for its new A350 XWB, avoiding another round of trans-Atlantic recriminations over aircraft subsidies.
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Aircraft maker Airbus insisted on Thursday it had no intention of taking sides in a Microsoft antitrust case, even though it filed a brief in an EU court on the software giant&#39;s side.
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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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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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German newspapers have accused French and German politicians of putting the future of Airbus at stake by interfering in the crucial restructuring of the troubled airplane maker.
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Planemaker Airbus denied a media report Friday saying Chief Executive Christian Streiff had resigned and that his departure had been approved by parent firm EADS.Comment
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Aircraft maker Airbus (EAD.PA: Quote, Profile, Research) insisted on Thursday it had no intention of taking sides in a Microsoft (MSFT.
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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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MESEBERG, Germany: German Chancellor Angela Merkel and French President Jacques Chirac on Friday stressed their "common interest" in a fair sharing of burdens and opportunities as European airplane maker Airbus ...Comment
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Welsh First Minister Rhodri Morgan was not snubbing the launch of the Airbus superjumbo in France by failing to attend, his spokeswoman insisted today.
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Airbus' major restructuring strategy includes 10,000 job cuts, French Prime Minister Dominique de Villepin said Tuesday, adding that his government will oppose any cutbacks in the form of layoffs.Comment
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Germany's economics minister warned on Saturday against slighting his country in the upcoming restructuring of Airbus, a day after a newspaper report on possible factory closings.
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TOULOUSE, France -- The parent company of troubled planemaker Airbus abandoned its twin-chief executive structure held jointly by Germany and France, with France's Louis Gallois taking control, the company said Monday.
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Airbus parent EADS said Thursday it was not planning any alliance with defense group Thales SA, dampening speculation that the French government-backed deal was imminent.