Airbus woes slash EADS profit by 86 pct to $526 mln
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MUNICH, Germany  - Losses at planemaker Airbus slashed 2006 operating profits at Franco-German parent EADS  by 86 percent to 399 million euros ($526 million), but the fall was cushioned by defense profits, the group said on Friday.
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French media and technology group Lagardere on Monday posted disappointing annual net profits, due partly to a fall in income from its stake in the troubled European aerospace group EADS, the parent group of plane-maker Airbus.
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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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Shares in Airbus parent firm EADS fall by almost 4% after the firm shelves a freight version of its A380 plane.
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Airbus, the European plane maker, said on Wednesday that it expected orders for new aircraft to halve to around 700 this year after a record order intake in 2007.
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Airbus will slash 10,000 jobs and sell all or part of six factories, it confirmed on Wednesday, as workers protested and politicians hailed a hard-fought compromise.
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Shares in Airbus parent firm EADS fall by almost 4%, after the firm suspends work on a freight version of its A380 superjumbo.
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Airbus manufacturer EADS denied reports in French daily Le Monde Saturday that it had published misleading information now being investigated by French financial markets regulator AMF.
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Airbus plunged into its first-ever operating loss in 2006 and will be in the red again this year, parent company EADS said Friday in another sign of deepening crisis at the European plane maker.
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France-based planemaker Airbus said on   Friday it had sold 22 aircraft in August, bringing its year   total to 222, well behind rival Boeing Co. BA.N which has   booked 548.
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Airbus will cut 10,000 jobs over four years, parent company EADS said Wednesday as it unveiled a restructuring plan aimed at helping the planemaker recover after delays to its A380 superjumbo and other setbacks.
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LONDON, October 7  - The European aircraft giant, Airbus, has criticized the US decision to move to the WTO over a dispute regarding government subsidies.
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European aircraft maker Airbus said Thursday that the global aircraft market would be worth 2.8 trillion dollars (1.9 trillion euros) by 2026, with total production at 24,300 planes.
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European planemaker Airbus is cutting 1,600 UK jobs over the next four year as it looks to reduce costs.
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PARIS -- Airbus, seeking to reverse its fortunes after a crushing year, faced a bruising battle Wednesday in presenting a plan expected to include massive job losses across Europe and the sale of a number of plants.
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MUNICH, Germany  - Planemaker Airbus' A380  superjumbo project is running 1.45 billion euros ($1.93  billion) over budget because of work to improve the efficiency  and weight of the aircraft, the co-head of parent company EADS  said.
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Airbus landed another blow in its battle with rival aircraft maker Boeing with an order which could be worth up to $6bn (more than Â£3bn).