Jun 23, 2008

Airbus

European jetmaker Airbus said German airlines will require about 900 new planes by 2026, and a senior manager noted that Germany will remain a key market for the company. Jun 17, 2008

Airbus, EADS

Airbus parent EADS Shares Fall After US

Tanker Setback. Shares of EADS fell on Thursday after auditors urged the US Air Force to reopen a USD$35 billion contract for mid-air refueling planes won by EADS and US partner Northrop Grumman. Analysts said the market had not written off the European firm's chances of winning the order, but the delay increased risks surrounding the stock including political pressures, a weak dollar and a global airline crisis. The accounting office probe into the refueling-aircraft order came after protests by rival Boeing, which had lost out in the bid process. Analysts say the deal for 179 refueling tanker planes could be worth EUR1 - EUR1.50 per share, a figure which may not have fully fed into EADS' recently battered stock. Jun 19, 2008

Airbus, EADS

There was no immediate comment from the French government but the Airbus parent EADS stock setback showed signs of triggering discontent among some on the protectionist wing of French politics. Bernard Carayon, a member of President Nicolas Sarkozy's ruling right-wing UMP party who coined the term "economic patriotism" to describe efforts to keep foreigners out of strategic French sectors, criticized the decision. The French government owns 15 percent of EADS which is also one of the country's biggest industrial employers. French media group Lagardere is in the process of halving its stake to 7.5 percent while German company Daimler owns 22.5 percent. EADS shares have fallen by roughly 40 percent since the start of 2008, adding to a 16 percent fall last year. Jun 19, 2008

Airbus, EADS

Airbus parent EADS executives, ex-strategy chief Jean-Paul Gut, who resigned from EADS in June 2007, had been questioned by police since Monday. His lawyers said on Tuesday that Gut had asked to be interviewed in order to clear his name. As well as Forgeard and Gut, 15 other current and former executives, along with EADS shareholders Lagardere and Daimler, have been cited in a report to prosecutors on suspected insider trading by France's market watchdog AMF. All have denied doing anything wrong and EADS on Monday reiterated that it had communicated transparently about progress on key industrial programs. In the United States, two law firms have submitted class-action law suits on behalf of US investors who bought Airbus parent EADS shares in Europe in 2005 and 2006, claiming they had been duped. Jun 18, 2008

Airbus, EADS

Former Airbus parent EADS No. 2 Targeted In Insider Probe. The former number two at EADS, ex-strategy chief Jean-Paul Gut, has been placed under formal investigation in a French probe into suspected insider trading, a judicial source said on Wednesday. The move comes two weeks after Noel Forgeard, the former co-chief executive of EADS, Europe's largest aerospace group and the parent company of Airbus, was placed under investigation, which is a step short of formal charges but can lead to trial. Both have denied wrongdoing. French police are investigating claims that EADS' senior executives and industrial shareholders knew of the increasing threat of delays to the Airbus A380 superjumbo when they sold shares in 2005 and 2006. The announcement of worsening delays in building the world's largest airliner wiped a quarter off the value of Airbus parent EADS shares in June 2006. Jun 18, 2008

Airbus, EADS

German airlines will need more than 900 commercial aircraft valued at $109 billion over the next 20 years, with 100 around A380 size, 200 mid-to-long-range and 600 short-haul, Airbus VP-Market Forecasting Laurent Rouaud told media in Frankfurt yesterday. Jun 17, 2008

ZZ

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