Marwan Lahoud said that EADS is undertaking restructuring in order to become the leading company in the civil aerospace industry.
Tags: Airbus
India reaches Red Planet, but at home red tape binds space firms
As India celebrated becoming the first Asian nation to reach Mars, S.M. Vaidya, head of business at conglomerate Godrej's aerospace division that made the spacecraft's engine and thruster components, sounded surprisingly downbeat.
Aircraft lessors wary as new rivals crowd into aviation
Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate the economy.
Air France strike crisis deepens as both sides dig in
A bitter Air France labor dispute deepened on Monday as management pledged to press ahead with its low-cost airline ambitions and pilots said that an eight day-old strike over the proposals would continue indefinitely as a result.
Germany pushes Airbus for cost cuts on A400Ms: paper
Germany's defense ministry is demanding price cuts and longer cancellation periods on the A400M military airlifters it has ordered from Airbus, but which will be delivered later and less equipped than planned, a newspaper reported on Sunday.
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EADS Chief Strategist Marwan Lahoud said EADS would take its time in making new mergers and acquisitions as the company restructures.
The government of Germany said it was still open to talk with Airbus about its development loan. The German government said it is still willing to discuss the development loan with Airbus.
The cargo plane of UPS crashed into a field close to Birmingham airport, killing two pilot and scattered debris over a rural area.
Airbus partnership with easyJet paid off as the low-cost carrier based in the UK helped the aircraft manufacturer inch closer to the 2013 target set by its parent company, the European Aeronautics Defence and Space Company (EADS).
Doric Assets speeds up the acquisition of A380 jets to cater to the needs of its clients. Demand for more A380 airbuses from commercial carriers prompted Doric Assets Finance Ltd.
FlyDuba said that AirBus and Boeing are in an 'open race' to supply them 50 narrow body aircrafts.
Airbus confirmed that US$11 billion deal with easyJet pushed through blowing away its US rival, Boeing.
