The Franco-German aerospace group EADS soared back into the black and exceeded expectations on Tuesday by posting a 2008 net profit of €1.572 billion ($1.987 billion).
Germany is considering financial aid for clients of aerospace giant Airbus struggling to raise capital from banks, a junior minister told AFP on Tuesday.
The Airbus A400 military transport plane is too heavy and does not deliver on performance, the <i>Financial Times Deutschland</i> newspaper reported on Monday.
Staff at three Airbus plants in Germany staged wildcat strikes Thursday over plans by the European jet maker to spin off the factories into a new subsidiary, a company spokesman said.
Kurt Volker, the US ambassador to NATO, on Tuesday suggested Germany could use a Boeing military transport plane to solve its heavy lift needs instead of the troubled A400M programme.
The Gulf airline Emirates has signed a letter of intent to buy 60 more Airbus planes, comprised of 30 A330-300s and 30 A350s, its chief executive Sheikh Ahmed ibn Said al-Maktoum said on Monday in Hamburg.
The financial director of European aerospace giant EADS, Hans-Peter Ring, has been questioned as a witness in connection with a French probe into alleged insider trading in the group's shares, a German press report said Monday.
A former top Airbus executive and current head of a German EADS plant, Andreas Sperl, was held for questioning in France on Wednesday for alleged insider trading.
The German former chief executive of Airbus, Gustav Humbert, was charged Wednesday with insider trading at the planemaker's parent company EADS, a legal source said.
The former German chief executive of airplane maker Airbus, Gustav Humbert, is in French custody for questioning over alleged insider trading and will go before a judge Wednesday to face possible charges, a source close to the case said.
Talks by EADS to sell three German plants to the private equity firm Cerberus and OHB Technology's MT Aerospace unit have collapsed, it's aircraft manufacturing unit Airbus said on Thursday.
European aircraft manufacturer EADS has reported decreasing sales and profits for 2007. But shareholders will get additional dividends in return for their loyalty.
