New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 5, 2012
12:11 EDTEADSYEADS says company, core holders agree on overhaul of governance, ownership
The EADS Board of Directors and the company’s core shareholders have agreed on a far-reaching change of the company’s shareholding structure and governance. This agreement aims at normalizing and simplifying the governance of EADS while securing a shareholding structure that allows France, Germany and Spain to protect their legitimate strategic interests. Subject to the vote of the Extraordinary General Meeting of the shareholders of EADS, the present shareholder pact, called “Participation Agreement”, in place since the company’s foundation in 2000, will be terminated and replaced by a new, limited arrangement between the French, German and Spanish Governments. France, Germany and Spain have agreed on a capped government shareholding, with Germany and France intending to ultimately hold up to 12% each and Spain circa 4%. The three states will have reciprocal pre-emption rights. The amended Articles of Association of EADS will contain an ownership and voting restriction from crossing the 15% threshold by shareholder individually or collectively. Certain specific French and German national security interests will be protected through the creation of “national defense companies” holding sensitive military assets, and including the rights of France and Germany to consent to three outside directors to the board of their respective “national defence companies”. Under the new governance scheme, no veto right will be given to any group of Directors in the Board or to any shareholder at the Shareholders’ Meeting.
News For EADSY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 16, 2014
10:52 EDTEADSYAirbus says Tom Williams to succeed Günter Butschek as COO
The Board of Directors of Airbus Group has approved the following top management appointments as proposed by Airbus Group CEO Tom Enders and Airbus CEO Fabrice Brégier, effective as of January 1, 2015. Tom Williams, presently EVP Programmes at Airbus, will succeed Günter Butschek as Airbus COO and will become a member of the Group Executive Committee of Airbus Group. Butschek has decided to leave the Group at the end of 2014 in order to pursue other career opportunities. Didier Evrard, currently Head of the A350 XWB programme, will succeed Williams and in this new function will become a member of the Executive Committee of Airbus. He remains A350 XWB programme director until his successor is appointed. Klaus Richter, Chief Procurement Officer of Airbus and Airbus Group, has been promoted to become a member of the Group Executive Committee of Airbus Group.
08:49 EDTEADSYBernstein aerospace and defense analyst holds analyst/industry conference call
Subscribe for More Information
December 11, 2014
06:51 EDTEADSYEmirates airline head urges Airbus not to scrap A380, Reuters reports
Subscribe for More Information
06:22 EDTEADSYAirbus sees upgrading A380 super-jumbo eventually, WSJ reports
Airbus Group is planning to eventually upgrade the A380 super-jumbo with new new engines and add more customers, Fabrice Brégier, the head of commercial jets for the group, says, The Wall Street Journal reports. CFO Harald Wilhelm previously commented that the super-jumbo program will break-even in 2015 and stay there until about 2018, at which time Airbus could upgrade the jet, stay the course or discontinue building the plane. Reference Link
December 9, 2014
06:22 EDTEADSYBoeing sees strong demand for commercial airplanes in 2015
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use