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Article: EADS posts loss of $684 million But firm says new orders will spur strong rebound in 2008
- Article from:
- International Herald Tribune
- Article date:
- March 12, 2008
- Author:
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Nicola Clark and David Jolly The New York Times Media Group
International Herald Tribune
03-12-2008
EADS posts loss of $684 million But firm says new orders will spur strong rebound in 2008
Byline: Nicola Clark and David Jolly The New York Times Media Group
Edition: 1
Section: FINANCE/BUSINESS
PARIS --
EADS, the parent of Airbus, on Tuesday posted a big loss for 2007, but insisted that it had put the worst behind it.
Speaking at a media briefing, Louis Gallois, the EADS chief executive, said he was "not content" with 2007 results. Though 2008 would also be difficult, he said, strong momentum for new orders at the end of last year, combined with a recent U.S. Air Force tanker contract, were ...