EADS undeterred by failure to divest Airbus plants
EADS’s failure to divest itself of major Airbus production sites in both France and Germany as part of its Power8 restructuring plan hasn’t threatened a de
EADS’s failure to divest itself of major Airbus production sites in both France and Germany as part of its Power8 restructuring plan hasn’t threatened a delay in the development schedule for the A350XWB, according to the European group’s CEO Louis Gallois. However, in the build-up to this week’s Farnborough airshow, questions remained over how long the company could wait before the program begins to lose its development rhythm.
The company continues to claim its relatively strong cash position won’t force it into any rash decisions. However, to maintain the A350’s progress, the sites in question will need more than $1.5 billion in technology upgrades–investments that EADS and Airbus had hoped to leave to the eventual new owners.
