PARIS (AP) — The French government wants to impose a cap on executives' pension packages, amid criticism of a hefty retirement deal for the CEO of Airbus.
TOULOUSE, France (AP) — The Latest on Airbus' announcement that it will stop making the superjumbo A380 (all times local):
TOULOUSE, France (AP) — To passengers, the A380 feels immediately different — spacious, smooth and oddly elegant for a jet so gargantuan. Yet to Airbus, it's become a burden so super-sized that the European manufacturer is ending its production for good.
LONDON (AP) — The chief executive of Airbus warned Thursday that the aviation giant could move its U.K. operations out of Britain if the country leaves the European Union without a deal on trade relations, in one of the starkest assessments yet of the economic impact of a "no-deal" Brexit.
CEO Tom Enders said Brexit threatened to destroy a century of development in the Britain's world-leading aviation industry.
PARIS (AP) — A new chief executive has been named at Airbus. The European aircraft maker's board picked insider Guillaume Faury to replace CEO Tom Enders in April.
The 50-year-old Faury currently serves as president of Airbus' commercial aircraft division. He was CEO of Airbus Helicopters from 2013 until February 2018.
Board Chairman Denis Ranque praised Faury's "global outlook, extensive operational experience, strong personal values and straightforward leadership style" in a statement on Monday.
LONDON (AP) — Aviation giant Airbus on Friday underscored its threat to leave Britain if the country exits the European Union without an agreement on future trading relations, noting that the company is already taking steps to mitigate a worst-case scenario.
PARIS (AP) — Shares in European plane maker Airbus flew higher on Thursday after the company reported improved earnings and was more upbeat about the future following problems to several of its key aircraft programs.
PARIS (AP) — Airbus said Friday that its CEO, Tom Enders, will step down in 2019, as the European airplane maker shakes up management amid multiple corruption investigations.
The company said Enders, who will have been at the helm of Airbus and defense firm EADS for 14 years, won't seek another term when his current term expires.
Enders has been a key figure as Airbus has jockeyed with U.S. rival Boeing over the past decade to be the world's top-selling plane maker.
PARIS (AP) — Surprise new costs for the long-troubled Airbus A400M military jet sent the European plane maker's profits plunging last year and will weigh on the company's financial prospects through next year, even as it forecast a rise in aircraft deliveries and demand.
Airbus CEO Tom Enders acknowledged that "the jury is still out on the long-term success" of the A400M, but insisted "it's absolutely necessary" to maintain it as long as European militaries depend on it.
PARIS (AP) — European plane maker Airbus Group SE says third-quarter net profit dwindled to 50 million euros ($55 million) from 376 million euros a year ago.
The company cited higher taxes in this year's quarter, unfavorable currency exchange rate shifts, slower production of its A330 model, supplier difficulties, and price pressure stemming from the introduction of new models for its single-aisle A320 model and its long-haul A330.