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U.K. prosecutors have stalled on their plan to bring charges in a bribery probe of Airbus Group SE’s GPT unit in Saudi Arabia, according to people with knowledge of the case, as anti-corruption campaigners ...
HAMBURG/PARIS (Reuters) - Airbus' (AIR.PA) long-serving sales chief John Leahy plans to stay on until a successor is found, with a decision expected within the next week or so, he told Reuters on Friday. Reuters reported on Thursday that Airbus had embarked on a fresh search for a sales chief and that Leahy's deputy, Kiran Rao, had confirmed he would not be running for the post after the company decided to look outside. "I will stay until we have a successor on board.
Emirates [EMIRA.UL] hopes to order more Airbus A380 super jumbos at the Dubai airshow this month, the airline's chairman said on Friday. "I hope we will be able to do it," Sheikh Ahmed bin Saeed Al-Maktoum said at a ceremony to receive the airline's 100th A380, saying that negotiating teams were working on it. Emirates is the world's biggest customer of the A380, having ordered 142 of the planes and Sheikh Ahmed said he wanted to see the plane continuing.
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.