What France would like is for a quick agreement leading to their man running both EADS AND Airbus and they do not understand why it has taken them so long to achieve this.
They keep opening up the issue hoping to wear down the German side, who is looking for more equality, and will probably succeed, eventually. They will just keep coming back to this issue again and again.
The French allege that divided leadership is the cause for the financial difficulties of these groups, whereas the real difficulty is state intervention, something that will only increase with French leadership.
Nothing new at EADS or at Airbus.
Onésimo Alvarez-Moro
See article:
France hopes to be able to announce an agreement about a simplified management structure for European defense group EADS at a summit meeting on Monday, but Germany is in no hurry to strike a deal.
"We have not finished yet," an official at the Elysee presidential palace said on Sunday. "But we are rather optimistic about the outcome of our discussions with Daimler, Lagardere and the German state," he added.
Chancellor Angela Merkel and President Nicolas Sarkozy will meet at the Toulouse headquarters of civil plane maker Airbus.
Airbus, once hailed as a European corporate success story, has flown into heavy turbulence because of costly delays to its flagship double-deck A380 while the record high exchange rate of the euro makes Airbus less competitive versus Boeing Airbus plans to slash 10,000 jobs at its own plants and at suppliers, reduce the number of plants and outsource more work outside the euro zone for the new A350 long range wide body jet.
See full Article.
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