Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Airbus To Become A Company  
User currently offlineB744 From New Zealand, joined Dec 1999, 491 posts, RR: 0
Posted (15 years 4 months 2 days 2 hours ago) and read 1641 times:

Just heard on CNBC that Airbus will become a company (instead of a consortium) by the end of February. Not sure if they intend listing or not. Anyone else know any more?


1 replies: All unread, jump to last
User currently offlineGaut From Belgium, joined Dec 2001, 344 posts, RR: 2
Reply 1, posted (15 years 4 months 1 day 18 hours ago) and read 1608 times:

Here's an article for you:

UPDATE 1-Airbus to become a company in February
Reuters Company News - January 08, 2001 05:24

PARIS, Jan 8 (Reuters) - Plane maker Airbus Industrie is to transform itself from consortium to company by end-February, generating synergies of at least 350 million euros ($333.6 million) per year from 2004, the shareholders said on Monday.

Airbus is hoping these efficiency gains will make it more competitive against arch-rival Boeing, which itself has been critical of the lack of transparency associated with the Airbus consortium structure.

The two shareholders, European aerospace giant EADS and Britain's BAE Systems Plc , said Airbus Industrie's restructuring would be complete at the end of next month.

"The restructuring of Airbus activities will allow the group to deliver, to its clients and shareholders, even higher levels of performance," said John Weston, chief executive of British arms giant BAE.

EADS, which owns 80 percent of Airbus, and BAE Systems , which holds the remaining 20 percent, announced a deal last June to transform the group by the start of 2001.

In the past, EADS and BAE have coordinated their Airbus activities through Airbus Industries, a consortium or "European Interest Grouping" formed under French law in 1967.

Under that structure, decision-making has been decentralised among the British, French, German and Spanish shareholders in Airbus, each of whom manufacture a different part of the planes.

Airbus coordinates the design, development, certification, production, marketing, sales and after-sales support of its large commercial aircraft.

The establishment of the new Airbus will enable the parties to pool their activities under a single management -- a move designed to cut down on the inefficiencies associated with the consortium.

The design and development of new planes, which in the past has been divided between centres in four countries, will in future be coordinated from a single site.

The change comes at a crucial point in the heated rivalry between Airbus and Boeing. Just last month, Airbus launched its 555-seat superjumbo A380 aircraft, a plane it hopes will end Boeing's monopoly of the large aircraft segment.

At 0945 GMT, shares in EADS were up 1.14 percent at 22.15 euros. BAE Systems stock was up 0.83 percent at 362-3/4 pence.


«Horum omnium fortissimi sunt Belgae.»
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Airbus Sells 25 Aircraft To Leasing Company posted Mon Jan 16 2006 23:26:15 by ETStar
Gustav Humbert Set To Become Airbus Head posted Fri May 20 2005 11:10:00 by Keesje
WSJ: Airbus To Boost A320 Series Production posted Mon Nov 20 2006 06:46:56 by PanAm_DC10
Airbus To Outsource 3.5bill$ A-350XWB Work! posted Tue Nov 14 2006 07:50:05 by Bringiton
Airbus To Re-Test A380 Separations posted Mon Nov 13 2006 18:26:40 by Leelaw
Do You Have To Be Good-looking To Become A FA? posted Mon Nov 13 2006 18:00:46 by B777A340Fan
SIA Says Airbus To Build The 787-9 For Them posted Wed Nov 8 2006 03:10:54 by Jimyvr
Airbus To Dump 8 Out Of 10 Suppliers? posted Tue Nov 7 2006 03:07:16 by Dougloid
Eads Airbus To Cut Supplier Base By 80% posted Mon Nov 6 2006 20:49:46 by N328KF
FI: Airbus To Ask Board To Approve A350 XWB posted Mon Oct 23 2006 10:21:23 by Leelaw