Word: airbus
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...other potential negatives. Fares would probably go up on routes where the two airlines now compete. Both need to pull up their socks when it comes to customer service, once a Delta strength and always a US Airways weakness. And integrating the US Airways fleet, which favors European-made Airbus planes, with Delta's all-Boeing operation might be difficult. Also, the combined US Airways--Delta would account for 18% of the market, which competition watchdogs think is too high. But the government, which must approve the merger, gets a vote and presumably could order the merged carrier to sell...
...Suisse analyst Harald Hendrikse. At France's Peugeot Citroën, Europe's second largest carmaker, Christian Streiff was appointed to succeed Jean-Martin Folz, 59, after he failed to reverse slumping sales. Streiff, 52, who has a reputation as a tough cost cutter, recently resigned as head of Airbus after just three months in the job. In Italy, meanwhile, Sergio Marchionne, 54, announced that after restoring Fiat's car division to profitability over the past two years, he'll be moving up next year to run the whole Fiat group. A replacement hasn't been announced, but whoever does...
...short circuit at Airbus has turned out to be much more serious than expected. For several months, officials at the giant aerospace company have explained away the delays dogging their biggest project, the €12 billion superjumbo A380[an error occurred while processing this directive] plane, by blaming the wiring. Each A380 has about 500 km of electrical cables that need to be configured individually for different customers (so the explanation went), and that was proving far more complex than anticipated. Last week, the story changed. Airbus postponed the A380's launch once again, but acknowledged that the company...
...Streiff is hoping to address these issues head-on, not just because he is new both to Airbus and to the aerospace industry (he's a manufacturing expert from the French glass company Saint Gobain), but also because the company is facing its biggest crisis since its founding in 1970. The company has slashed its delivery schedule for the A380 from one plane in 2006 to zero, from nine planes in 2007 to one, and from 25 planes in 2008 to 13. That's a significant setback for the behemoth's main customers, including Emirates and Singapore Airlines, which...
...many CEOs does it take to run a pan-European defense company? The answer is still two, for European Aeronautic Defence & Space Co. (EADS), owner of Airbus. And that might still be one too many. Delays in building the A380 megajet led to the ouster of EADS co-CEO Noël Forgeard as well as Airbus' top boss. Filling Forgeard's spot is Louis Gallois, head of France's railways, who will partner with EADS's remaining CEO, Tom Enders, a German. At Airbus, naming Christian Streiff CEO should placate two of EADS's largest shareholders, the French government...