Airbus CEO says weak dollar threatens company survival
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Airbus CEO says weak dollar threatens company survival
Trawling through the internet this evening I came across this:
Weak dollar threatens Airbus survival
The weak dollar is threatening the survival of European planemaker Airbus, it chief executive Tom Enders told workers in Hamburg this afternoon.
Airbus, which is owned by European aerospace and defence group EADS, again warned that its cost-saving plan would have to be more severe to counter the impact of the weakening US currency.
Tom Enders said the dollar's decline was 'life-threatening for Airbus.'
He said: 'The dollar exchange rate has gone beyond the pain barrier.'
And he said that Airbus's entire business model needed reviewing, as 'reasonable processes of adjustment' were hardly possible now.
Source: www.rte.ie
Weak dollar threatens Airbus survival
The weak dollar is threatening the survival of European planemaker Airbus, it chief executive Tom Enders told workers in Hamburg this afternoon.
Airbus, which is owned by European aerospace and defence group EADS, again warned that its cost-saving plan would have to be more severe to counter the impact of the weakening US currency.
Tom Enders said the dollar's decline was 'life-threatening for Airbus.'
He said: 'The dollar exchange rate has gone beyond the pain barrier.'
And he said that Airbus's entire business model needed reviewing, as 'reasonable processes of adjustment' were hardly possible now.
Only half a speed-brake
My employer now renews 737 "classic" fleet with Airbus products, this provides fertile grounds for many Arsenal-Chelsea type arguments. There's a posting on a wall, a cartoon of the two manufacturers in an air trade saying: "Save. Buy Boeing!" / "Buy. Save Airbus!" 
Most amusing.
FD (the un-real), a ChelseA fan.
Most amusing.FD (the un-real), a ChelseA fan.
