|
|
Article: Airbus shakeup could help Boeing; Trouble in European aircraft maker's front office leads to replacements
- Article from:
- Telegraph - Herald (Dubuque)
- Article date:
- July 4, 2006
- Author:
CopyrightCopyright 2006 Telegraph - Herald (Dubuque). Provided by ProQuest LLC. (Hide copyright information)
|
SEATTLE (AP) - A management shakeup at Airbus SAS and its majority
shareholder marks yet another sign of the turmoil at the European
aircraft maker that could work to the advantage of rival Boeing Co.
But some say the fact that Airbus and European Aeronautic Defence
and Space Co. are moving quickly to try to solve those problems could
pose challenges for Boeing in the long run, since it shows that
Airbus is intent on rapidly turning its fortunes around.
On Sunday, Noel Forgeard, the co-chief executive of EADS, stepped
down and was replaced by Louis Gallois, head of France's SNCF rail
operator and former chairman of engine maker Snecma. EADS owns 80
percent of Airbus.
Airbus head Gustav ...