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OPINION:


http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_lynn&sid=aQYSML948qJs


Airbus Needs to Break Free of the French State: Matthew Lynn


June 28 (Bloomberg) -- It is hard to imagine a set of circumstances more likely to strike fear and confusion into European planemaker Airbus SAS.


Noel Forgeard, the co-chief executive officer of its parent, European Aeronautic, Defence & Space Co., has been embroiled in a share-dealing investigation. There are serious delays emerging on the new A380 superjumbo. And its British partner, BAE Systems Plc, aims to sell its stake in the company.


What's the way to regain investor confidence? Airbus must cut loose from the French state, which owns 15 percent of EADS. At some point, every great multinational rises above its home country as it turns into a global business. That point has arrived for Airbus.


The most symbolic way of doing it would be to replace Forgeard with someone who isn't French.


``Installing a new CEO may be a quick-fix solution to get past the controversies and direct the focus back on building airplanes,'' Brian Studioso, an analyst at CreditSights Inc. in New York, said in an e-mailed response to questions. ``A large part of the problem lies within the convoluted German-Franco ownership and management structures at EADS.''


No one should doubt the mess that Airbus is in. Three different stories are coming together to buffet the Toulouse, France-based planemaker -- which has had an incredible run of success in pushing its great historic rival Boeing Co. into second place in the industry.


First, Britain's BAE decided it wanted out. It holds a 20 percent stake in Airbus and plans to sell its shares back to EADS.


The British may have been reluctant partners in Airbus over the years, but they will be missed once they are gone. Certainly their departure will start to unravel the unique German, French and British collaboration that has built Airbus up.


Forgeard's Share Sales


Next, both French and German regulators are looking at whether Forgeard behaved properly in converting stock options and selling shares on March 15, just days before EADS's two biggest shareholders, DaimlerChrysler AG and Lagardere SCA, announced plans to sell a combined 15 percent of the company. If he goes, it is quite possible that the German CEO of Airbus, Gustav Humbert, will be forced out as well.


Whatever happens to Forgeard -- and so far he hasn't been proven guilty of anything -- a whiff of controversy now hangs over him. That's not going to make him an effective leader.


Lastly, the company said earlier this month that delays connected with electrical wiring on the new A380 would reduce operating profit by about 2 billion euros ($2.5 billion) by 2010. The day after the announcement, EADS shares dropped 26 percent.


French Influence


Meanwhile, the company has fallen into the savage bear pit of French politics. Prime Minister Dominique de Villepin has had angry exchanges in Parliament over Airbus, while his finance minister, Thierry Breton, has been meeting with board members to discuss the future management. The French government said it may seek to extend its influence over the company.


``Management credibility has clearly been damaged by two A380 profit warnings,'' Credit Suisse First Boston said in a note to investors last week.


In fairness, Airbus's difficulties shouldn't be exaggerated. Building the A380 was always going to be an enormous challenge. When Boeing launched the 747 more than three decades ago, it came close to destroying the company. Airbus had no reason to expect that its jumbo would be any easier. It isn't running out of cash. It has plenty of orders on its books. If the A380 eventually proves a success, it will dominate the top end of the market.


Even so, Airbus is facing its toughest test yet.


It is hard to see how Forgeard can now move it forward. The share sales have shattered his credibility. And he has become too closely associated with the political-industrial clique that dominates French public life.


De Villepin's Image


Airbus doesn't need more involvement from the French government. Breton should be politely told that these are industrial issues, and the finance minister shouldn't try to resolve them.


French politicians are the last thing Airbus needs right now. Whether de Villepin looks strong or weak ahead of next year's presidential elections in France makes no difference to the company's shareholders or customers.


To start flying again, Airbus needs more non-French leadership. France would remain one of the main partners in the business. Many of its key people would be French. The planes would still be assembled in Toulouse. Yet Airbus now needs someone who can give it a chance to rise above French interests, and give it the global perspective it requires.


A changing of the guard at EADS may only be symbolic, but it would send out positive signals to its shareholders and customers.




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http://www.ndtvprofit.com/homepage/news.asp?id=257066


Airbus sees losses on first A380 superjumbos - report

June 27, 2006

LONDON (Reuters) - Airbus parent EADS faces losses on the first of the A380 superjumbos it delivers because of late-payment charges demanded by airlines, the leaked minutes of an EADS audit committee meeting show.

The leak comes about two weeks after Airbus announced it would delay through 2009 deliveries of its flagship A380 because of wiring problems, in a replay of similar snags that caused a six-month delay a year ago.

The giant A380 is now more than a year late, and airlines have demanded the plane maker pay late charges for the second time in the 12-billion-euro ($15.11 billion) programme to build the world's largest airliner.

Airbus Chief Executive Gustav Humbert in the leaked minutes of a May 12 audit committee meeting tells the two chairmen and two CEOs of EADS that the first two A380s to Singapore Airlines would be sold at a loss and there could be more.

"He noted that the two first Singapore Airlines aircraft are at loss and that it is too early to say if the next three, to be delivered early next year, are also at loss," according to the minutes, which French newspaper Le Monde posted on its website.

EADS co-CEO Noel Forgeard, who headed Airbus until his promotion a year ago, tells the meeting he had asked Airbus about the risk of losses on other A380 deals, including some of the 12 planes ordered by Australian airline Qantas.

"Forgeard reported that he has asked to (the) Airbus team whether they can guarantee that some of the A380 contracts, e.g., Qantas will not be at loss if it happens that penalties or cost overruns take place, without obtaining a clear answer," the minutes said.

An EADS spokesman expressed dismay at the document being leaked but declined to comment further.

Airbus has booked orders for 159 of the planes but some clients, angered over the delays, have said they might cancel.

The A380 double-decker superjumbo has a list price of $300 million. Airbus has said it needs to sell 250 to 300 of them to recoup its costs.

Some analysts say the planemaker has offered first customers deep discounts, which could be partly to blame for the expected losses on some sales, and that the plane maker may have to sell far more to recover its money.



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Reuters


Airbus sets emergency-slide deployment record






June 27, 2006


 



The world's largest passenger aircraft, the Airbus A380, set another record last week, deploying 16 emergency slides at the same time using only the aircraft's battery power.

This is the largest number of evacuation slides ever inflated simultaneously in any passenger aircraft.

The A380 should enter the skies towards the end of this year, or early next year.

The tests form part of an overall European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA) certification programme. The test is another marker paving the way for certification by the end of 2006.

In the test, the aircraft must provide routes of escape to occupants from all doorways in the event of an emergency. The deployment of the emergency slides must only be powered by the aircrafts internal battery reserves.



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Reuters


Airbus welcomes Lufthansa Technik AG as new member
Tuesday, June 27, 2006 
 
 
One of the most experienced aircraft Maintenance, Repair and Overhaul (MRO) providers, Lufthansa Technik AG, Germany, signed an agreement with Airbus to become a new member of the  Airbus MRO Network. Lufthansa Technik AG, with its roots going back as far as the early fifties, has continually expanded its Airbus maintenance capabilities and experience ever since the manufacturer`s aircraft entered service in the 1970s.


The Airbus MRO Network is designed to provide customers with a worldwide choice of competitive, quality maintenance services from MRO providers with Airbus aircraft experience. Since its launch in March 2005, Airbus has worked with the MRO Network members to establish performance benchmarks for maintenance efficiency and customer satisfaction. MRO improvement plans based on the performance benchmarking are currently underway which will result in enhanced services for Airbus customers.


August W. Henningsen, the Chairman of the Lufthansa Technik AG Executive Board, said: "Our entry into the Airbus MRO Network represents a further extension of our cooperation with Airbus, which already dates back decades. The new arrangements will simplify and accelerate the exchange of technical data. Combined with our strong engineering resources there will be a further increase in the efficiency of MRO services for Airbus airplanes."


Patrick Gavin, Executive Vice President, Airbus Customer Services, said, "We are delighted that Lufthansa Technik AG has joined the MRO Network. For many years Airbus has enjoyed a good working relationship with them in support of Deutsche Lufthansa - one of our biggest customers. With their wealth of experience and excellent reputation, Lufthansa Technik AG will make a welcome addition to our Network of first class MRO providers."


The Airbus MRO Network now includes the following 14 members:


Air Canada Technical Services - Sabena Technics


Air France Industries - SIA Engineering Company


Air New Zealand Engineering Services - Singapore Technologies Aerospace


EADS SOGERMA Services - SR Technics Switzerland


Hong Kong Aircraft Engineering Company - TACA Aeroman


Iberia Maintenance - TAP Maintenance & Engineering


Lufthansa Technik AG - TIMCO Aviation Services 


 


 


 


Next to join the list will be Indian Airlines.



 



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karatecatman wrote:


     Next to join the list will be Indian Airlines.  


any proofs/links


i am surprised and totally doubtful



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Airbus MRO with Indian is a fact.


Part of the deal when buying the 43 new jets!!!


Didn;t you read the news?



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No i didnt tats why i am asking

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karatecatman wrote:


the_380 wrote: --------------------------------------------------------------------------------No i didnt tats why i am asking -------------------------------------------------------------------------------- www.ptinews.com Indian govt clinches concessions from Airbus 11 September, 2005: The Indian Airlines fleet acquisition programme has received the final approval from the Union Cabinet. The state-run air craft carrier wants to buy 43 Airbus aircraft as part of its ambitious fleet expansion plan, media reports said. A group of ministers (GoM) was constituted to consider the final nod to the plan.    


quoting exerpt from the thread above.  The post has been deleted because the link was generic.  It takes no additional time to post specific link.  You can easily do that while pasting the article.


rgds


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PARIS, July 2, 2006 (AFP) - The German chief of the European aircraft manufacturer Airbus, Gustav Humbert, resigned Sunday over delays to deliveries of the A380 superjumbo, the company said in a statement.



 


 



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Gustav Humbert resigned???


Didi can u pls post the link


 



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ye lo bhai


http://online.wsj.com/google_login.html?url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB115185756155896457.html%3Fmod%3Dgooglenews_wsj


 



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Thats surprising that man said that he wud face all oppositions against him from the EU in a press conference and now he resigned

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BTW was he really a torture for Airbus?

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August 2, 2006


BBC says Airbus is getitng the A380 ready to fly a full complement of passengers and cargo soon.


Most will be Airbus employees and the rest specail invitees.


 


Also, BBC says Airbus is offering Emirates the new A350 XW in place of the A340-600 --- getting Emirates to modify its existing A340-600 order.   



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http://www.airbus.com/en/presscentre/pressreleases/pressreleases_items/07_28_06_a320_indigo.html


regds


MEL



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http://in.news.yahoo.com/060829/137/672rd.html


regds


MEL



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Well nothing bad happened otherwise Boeing would have had its ways



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Boeing, Airbus plan to invest in India to build maintenance centers, training sites.

http://in.news.yahoo.com/060830/210/673wo.html



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the_380 wrote:


Boeing, Airbus plan to invest in India to build maintenance centers, training sites.

http://in.news.yahoo.com/060830/210/673wo.html





taking the liberty and posting the contents from the above posts..



Boeing Co. and Airbus plan to invest heavily in India to build maintenance centers and training facilities as the aircraft makers compete for a larger share in one of the world's fastest growing markets for commercial jets.


The European Aeronautic Defense & Space Co., the Franco-German company that controls Airbus, said Tuesday that it will invest as much as 2 billion (US$2.6 billion) in India over the next 15 years.


The investments will include setting a technology center and an Airbus engineering unit, EADS Chief Executive Tom Enders said in a statement.


Separately, Boeing Co. signed an agreement with the western Indian state of Maharashtra Tuesday to set up a maintenance, repair and overhaul facility with US$100 million (78 million) in investment. The U.S. aircraft maker will invest a further US$85 million (66 million) to install four aircraft simulators and provide training support.


The Boeing announcement came a day after the company dramatically boosted its forecast for the Indian market, saying the country will buy 856 new jets worth US$72 billion (56 billion) over the next 20 years to keep pace with the boom in air travel.


The investments by the aircraft makers, analysts said, are aimed at tapping the fast-expanding aerospace and defense markets in India and its vast pool of low-cost engineering and software skills, analysts said.


"If you look at the Indian aviation market now and the potential it holds in the next 20 years, the companies have to make these kinds of investments," said Kapil Kaul at the Center for Asia Pacific Aviation, a regional consulting firm.


"India is a priority country for EADS as it offers market potential and solid aerospace and defense competencies," Enders said in the statement. "We will facilitate the creation in India of training centers for pilots and mechanics, maintenance and spare-part distribution centers."


Enders, who was in India as part a German government delegation, said EADS hopes to bring the proposed technology center into operation by the second quarter of 2007, employing as many as 2,000 workers.


The engineering unit of Airbus will focus on high-end engineering analysis and design and will eventually work with several Indian aeronautic suppliers. It is expected to start rolling next year.


In addition, EADS would set up a sourcing office in India, with branches in New Delhi and Bangalore, by end of this year.


rgds


VT-ASJ



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Latest news from BBC World Oct. 5, 2006 says that the Airbus CEO does not rule out dumping the Airbus A350 XW project as the delays ion the A380 programme are creating havoc.


His new plan also is to get Airbus to shift the A380 plant to Toulouse from Hamburg, but Germany is upset as it could lead to job losses. Also EU labour laws are tough and this may not be possible.


 


Could also mean Dr. Vijay Mallya is in big s*** as he has 2 of his models in trouble --- a delayed A380 and a doubtful A350.


 


                                        ***

http://today.reuters.co.uk/news/articlebusiness.aspx?type=businessNews&storyID=2006-10-05T075904Z_01_L05705995_RTRUKOC_0_UK-TRANSPORT-EADS.xml EADS co-CEO does not rule out dropping A350 - FT Thu Oct 5, 2006 8:59 AM BST184  


PARIS (Reuters) - The co-head of Airbus parent EADS is not ruling out abandoning the Airbus A350 XWB, a redesigned version of the planemaker's slow-selling mid-sized plane, because of the delays in the A380 superjumbo, the Financial Times reported.


Asked if the new A350 could be in danger because of EADS's problems, EADS co-CEO Thomas Enders was quoted in Thursday's edition as saying: "I cannot rule that out".


Airbus CEO Christian Streiff was quoted as telling the same newspaper in an newspaper that the company's A400M military airlifter could suffer cost overruns or delays.






-- Edited by karatecatman at 18:33, 2006-10-05

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