Posts: 477
Joined: Thu Dec 30, 1999 5:48 pm

Airbus To Become A Company

Mon Jan 08, 2001 5:25 pm

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?

Posts: 436
Joined: Sat Dec 15, 2001 10:57 am

RE: Airbus To Become A Company

Tue Jan 09, 2001 1:07 am

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.»

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos