PPRuNe Forums - View Single Post - Airbus Paris Air Show Party On Hold (Merged)
Old 10th Jun 2005, 10:28
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HectorusRex
 
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I can assure Jimmy Tap that I saw and read the opening page.
I sugest that he reads the Press Centre to confirm what I posted.


Paris Air Show 2005
13 June 2005
Le Bourget Airport, France

Airbus will have a major presence at the biennial Paris Air Show – the world’s most prestigious aerospace industry event. The company will spotlight its entire product line, from the A318 to the A380.

This states here that the entire product line will be spotlighted.
In view of the delay of the go-ahead for the A350, it is highly significant that this is not even mentioned in Airbus' press releases.

Time WILL tell.

More trouble reported for Airbus.

Airbus executive row erupts after A380\'s delay
David Gow in Brussels Thursday June 2, 2005 The Guardian
http://www.guardian.co.uk/business/s...497117,00.html

Airbus, the European plane-maker, yesterday suffered a double blow when Noel Forgeard, its outgoing chief executive, blocked the planned appointment of his successor by demanding more power as the co-head of parent company, EADS.
The world\'s leading aircraft-manufacturer also admitted that deliveries of its A380 superjumbo, due to be the centrepiece of the Paris air show this month, would be delayed by up to six months and it could face hefty compensation claims from airlines. The first commercial flight may now be postponed until 2007.
Article continues These setbacks came just a day after Airbus was plunged into a costly and lengthy legal dispute at the World Trade Organisation between the European Union and United States over allegedly unlawful subsidies for Boeing, its arch-rival, and itself.
It is understood that the board of EADS, which owns 80% of Airbus, was forced to shelve a decision about Mr Forgeard\'s successor for at least a week because of his demands for a radical overhaul of the parent board\'s structure, including the appointment of two deputy chief executives.
The French, German and Spanish group has been split asunder for months by rows between its dominant French and German shareholders - the French state and media group Lagardère versus DaimlerChrysler - over the succession to the former chief executives, Rainer Hertrich and Philippe Camus.
Gustav Humbert, the plane-maker\'s chief operating officer, was set to become its first German chief executive with EADS board approval yesterday, but Mr Forgeard is said by insiders to have come out with last-minute proposals to enhance his powers at the parent company. He will be co-chief executive with Tom Enders, now head of the defence division.
Mr Forgeard, architect of Airbus\'s success in overtaking Boeing in terms of aircraft sales, is a close ally of President Jacques Chirac and his latest demarche was linked to Mr Chirac\'s crushing defeat in Sunday\'s referendum on the EU constitution. French board members are said to have dug in behind his new demands.
After his demands for executive control of Airbus in his new post at EADS had been rejected, Mr Forgeard is said to want board changes that would enhance his role by removing executives. "We hope a compromise solution can be reached next week," sources said.
It is not excluded, however, that he could lose his shared leadership role at EADS if the prolonged row is seen by shareholders as damaging to the company. Its shares have risen sharply since the dramatic fall in the euro against the dollar but fell yesterday on news of the A380 delays.
Singapore Airlines, the launch customer, said last month that it would take delivery of its first A380 in the final quarter of 2006 rather than in mid-year and Qantas and Air France yesterday pointed to six-month delays in deliveries of their orders. Emirates, the biggest customer with 43 planes on order, will also be affected.
The airlines, which blame "manufacturing issues" at Airbus, will seek compensation over the delays to the A380, which has already been hit by overruns of €1.5bn and seen its maiden flight postponed
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