Gallois to become sole EADS chief on August 27
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The two co-chief executives of European aerospace group EADS are to begin on August 27 the new roles given them under a management shake up announced this week, the company said on Friday.
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BAE Systems will agree to sell its 20 percent stake in Airbus to the Franco-German aerospace firm EADS for 1.9 billion pounds (2.8 billion euros, 3.6 billion dollars).
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PARIS, Nov 12  - The European Aeronautic, Defence and Space Company (EADS) will soon launch a bid for French defence electronics group Thales in a deal orchestrated by the French government, which owns just over 15 percent of EADS and 31 percent of
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European aircraft maker Airbus could sell some its sites under the vast restructuring plans scheduled to be announced later this month, Airbus chief and co-chairman of EADS, Louis Gallois, has said.
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Jean-Paul Gut, the chief operating officer at European aeronautics and defence giant EADS, said Monday he was stepping down from his post because of a disagreement over strategy.
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The board of Airbus parent EADS approved a restructuring plan for the troubled European aircraft maker Monday, breaking a weeklong deadlock over job cuts and future jet programs between France and Germany.Comment
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The European Aeronautic Defense and Space Company, or EADS, is scrambling to quell an internal squabble that could increase tensions between French and German shareholders.
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Jean-Paul Gut, the chief operating officer of EADS, quit on Monday, adding further turmoil to the companyâs top management one week before the Paris air show.
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EADS Deputy Chief Executive Jean-Paul Gut, who oversaw strategy for Airbus' parent, is departing after "a divergence in views," the company said Monday.
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Philippe Camus announces that he will  leave Franco-German defence group EADS, bringing the company's power struggle to an end.
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A new French executive team starts work  at Airbus parent group EADS on Monday after the European  aerospace group forced out two top executives blamed for a  two-week crisis over aircraft production blunders.
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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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LONDON (CBS.MW) - Speculation grew Friday that the French government is actively working to create a European defense giant to better compete with Boeing after a French newspaper said EADS is nearing a take-over of Thales.
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France may push to merge EADS with Thales.
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The German government and DaimlerChrysler will reveal details next week of a deal enabling the car maker to sell part of its stake in European aerospace giant EADS while keeping it in German hands, a business daily has reported.
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The French co-head of aerospace group   EADS EAD.PA brushed off negative comments from estranged   shareholder BAE Systems BA.L on Thursday, saying the Airbus   parent was weeks away from resolving some of its key problems.
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The European aerospace giant EADS hopes to achieve a double-digit operating margin by around 2015, a company spokesman said Thursday.