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The German government hopes to complete negotiations with European weapons maker MBDA and its U.S. partner, Lockheed Martin Corp about a multi-billion euro missile defence system by year-end, a ministry ...
Airbus will draw a line under two decades of M&A dealmaking and frenetic orders on Wednesday as it reports its first results since the European aerospace and defence group unified under its dominant planemaking arm last month. The sense of Airbus entering a new era is palpable, with the complex reorganisation set in motion by the swallowing of parent Airbus Group (Milan: AIR.MI - news) (formerly EADS), by the subsidiary it was created to oversee, coinciding with waning demand from airlines. EADS was created in 2000 from multiple mergers to form a civil and defence giant, incorporating the older Airbus, and later became Airbus Group.
European planemaker Airbus is shaking up its international marketing organisation amid a UK investigation into suspected irregularities in the use of intermediaries to help it land new orders, three people familiar with the matter said. The move is part of a wider internal reorganisation as Chief (Taiwan OTC: 3345.TWO - news) Executive Tom Enders tries to turn the group into a leaner and simpler company, but is also gaining top-level management attention in its own right as the company carries out a sweeping review of its sales practices, they said. Airbus, the world's second largest planemaker, has for years relied on sales teams in its planemaking unit backed up in some cases by a headquarters team of international marketers to sell jets to areas including parts of Asia and the Middle East.
Airbus strategy chief Marwan Lahoud, one of the founders of Europe's largest aerospace group and its M&A czar for the past decade, is leaving the company at the end of February, Airbus said on Tuesday. Lahoud, 50, was one of a handful of strategists involved in a sequence of mergers that led to the creation in 2000 of what was then called EADS, an aerospace group with diverse interests that included the existing Airbus planemaking business. EADS was later renamed Airbus Group (Milan: AIR.MI - news) , which in turn merged with its dominant planemaking subsidiary in January, leading to a shake-up of senior roles.
European planemaker Airbus is to cut a net total of 934 jobs as part of a previously announced restructuring aimed at stripping out bureacracy and simplifying its brand. Airbus Group said it would be cutting 1,164 jobs while also creating around 230 positions in other areas - confirming details released earlier by a French trade union. The company added it was in "constructive" talks with trade union partners.
Europe's largest twin-engined passenger jet, the Airbus A350-1000, took to the skies for the first time on Thursday, seeking to grab the spotlight from Boeing's popular 777. The 366-seat A350-1000 is designed to break Boeing's virtual monopoly in the lucrative "mini-jumbo" segment, typically involving large twin-engined jets carrying 350 people. Both are built from similar advanced materials to Boeing's mid-sized 787 Dreamliner in a race between planemakers for fuel savings and better passenger comfort.
PARIS, Oct (HKSE: 3366-OL.HK - news) 26 (Reuters) - Airbus Group (Swiss: AIR.SW - news) posted lower than expected third-quarter profits on Wednesday, led by a faltering performance in its core commercial jet division and continued weakness in the commercial helicopter market, but broadly maintained its full-year financial forecasts. Europe's largest aerospace group, which includes the world's second-largest jetmaker behind Boeing (NYSE: BA - news) , said quarterly operating profit before one-off items fell 21 percent to 731 million euros ($796 million). Profits at Airbus Helicopters fell 29 percent.
The supply chain for the Airbus A350 jet is not yet where it needs to be to cope with an increased production rate in 2017, the chief financial officer of Airbus Group said on Wednesday. Airbus Group's ...
Airbus expects to deliver more than 670 commercial jets this year, beating its restated official target of more than 650, Airbus Group Finance Director Harald Wilhelm said. He did not give a target for ...
Airbus Group on Wednesday posted lower third-quarter profits led by a faltering performance in its core commercial jetliner division and continued weakness in the commercial helicopter market, and maintained ...