Airbus plan goes ahead, crisis 'extremely serious': company head
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Airbus chief Louis Gallois hit back at unions fighting cutbacks, warning on Wednesday that the group had to slim down urgently because the star A380 superjumbo was guzzling cash.
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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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European planemaker Airbus says it has put the problems associated with its A380 superjumbo behind it.
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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 plans to challenge Boeing Co. by offering a new aircraft as early as year-end, its chief executive says. The Toulouse, France-based plane maker is &quot;reflecting&quot; on whether to introduce an all-new plane
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Airbus said Monday it postponed a news conference at which it had been expected to announce its long-awaited restructuring strategy.
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European aircraft manufacturer Airbus has delayed announcing details of its long-awaited rescue plan, pointing to renewed strains between Germany and France over where cuts will fall.
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LONDON (CBS.MW) -- Airbus, the European aircraft maker that competes with Boeing Co. (BA) , is expecting airline deliveries this year from 315-320, approaching a record, the Financial Times reported, citing Chief Executive Noel Forgeard.
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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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The German government will review its defence contracts with Franco-German aeronautics company EADS if the restructuring of Airbus severely harmed German interests, Economy Minister Michael Glos has warned.
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A much-vaunted plan to revive the fortunes of the struggling European aircraft manufacturer Airbus, unveiled four months ago in response to damaging production delays, is taking its time getting off the ground.
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Airbus Chief Executive Louis Gallois on Wednesday urged politicians not to interfere with the European aircraft maker's plans to cut 10,000 jobs and spin off or close six European plants.
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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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The new Airbus chief executive has presented an audit of problems at the aircraft manufacturer as well as a vast recovery plan that could mean new delays for the A380 superjumbo airliner and job cuts.
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The Airbus A380 super-jumbo, which plunged the Airbus-EADS aerospace group into crisis, &quot;is not out of the woods yet,&quot; the company&#39;s future chief executive, Thomas Enders, said in a magazine interview on Monday.
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Airbus and its parent company EADS could disclose new delivery delays for the A380 superjumbo as well as a restructuring plan for the aircraft manufacturer following a meeting of EADS directors.
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The turmoil comes just days after its new chief presented a rescue plan intended to turn the plane manufacturer around.