France chooses Forgeard for joint control of EADS
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PARIS  - French interests named the head of Airbus, Noel Foregeard, to be one of two new pilots running the EADS aeuronautics group after weeks of reported tension over his role.
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Louis Gallois, the new sole chief executive of EADS, says he could make acquisitions to improve the civil/military balance.
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Berlin and Paris are committed to maintaining the current balance of power at the European Aeronautic, Defence and Space Company, the French and German economy ministers said, amid speculation France is keen on a tie-up between EADS and French defence technology firm Thales.
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The leading French and German shareholders in European aerospace group EADS, the parent company of Airbus, were set to meet on Monday in Munich, a source close to the company told AFP.
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It&#39;s supposed to be the moment of triumph for Airbus Chief Executive NoÃ«l Forgeard. On Jan. 18 a star-studded crowd, including four European heads of state, will gather in Toulouse, France, as the first completed
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In the ongoing power struggle within the European Aeronautic Defence and Space Company, major shareholder DaimlerChrysler has promised to "get tough" if Airbus chief executive Noel Forgeard is appointed EADS ...
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DaimlerChrysler AG said Friday it sold a third of its stake in EADS, the parent company of planemaker Airbus, to a private investment group in a deal that will maintain the balance between German and French ...Comment
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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.
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German shareholders of EADS asked Noel Forgeard to quit as co-chief executive of the European aerospace group at a meeting in Munich, but the Frenchman refused, the business daily Handelsblatt reported.
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No merger proposal has been submitted to the boards of French defense company Thales SA and European aerospace consortium EADS despite reports that the French government is interested in a linkup, German Economics Minister Wolfgang Clement said Tuesday.
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NoÃ«l Forgeard&#39;s move to European Aeronautic Defence &amp; Space company leaves shareholders needing to appoint quickly a chief at Airbus to avoid destabilising its management, analysts warned.
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Germany and France have agreed that a future combination of European Aeronautic, Defense and Space Co. and Thales SA must benefit both countries&#39; interests, Economics and Labor Minister Wolfgang Clement said.
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Airbus SAS Chief Executive Officer Noel Forgeard, who turned the European company into the world&#39;s largest planemaker, will replace Philippe Camus as co-CEO of its parent, European Aeronautic, Defense &amp; Space Co.
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The German co-chief executive of the European aerospace group EADS, Thomas Enders, confirmed Monday that he will head Airbus and that Frenchman Louis Gallois would become the sole chief executive at EADS.
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Rumours of a possible tie-up between French defence electronics group Thales and the European Aeronautic, Defence and Space Company (EADS) are to be discussed by the German and French economy ministers later ...
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French Economy and Finance Minister Thierry Breton has said that the French state and other three European governments would participate in financing the A350 airliner programme.
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The French government is considering a linkup of European Aeronautic Defence &amp; Space Co. with Thales SA to create an aerospace giant, the financial daily Les Echos reported Friday.