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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
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July 29, 2014
06:32 EDTEADSYRolls-Royce says Airbus-Skymark deal cancelation to impact order book
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06:05 EDTEADSYAirbus terminates purchase order with Skymark Airlines for A380s
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July 23, 2014
11:40 EDTEADSYATR-made prop plane involved in deadly crash in Taiwan, Reuters reports
A 70-seat turboprop ATR 72 operated by TransAsia Airways crashed in tyhoon-hit Taiwan, killing 47 people, Reuters reported, citing the nation's Civil Aeronautics Administration. Reference Link
10:45 EDTEADSYDelta Air Lines sees Venezuela schedule cuts lowering Latin America RASM 3-4pts
Sees summer Transatlantic capacity up 8%. Doesn't see Ex-IM dispute impacting widebody purchase. Says could be a buyer of Airbus (EADSY) A330neo if priced in "low 80s, high 70s."
09:41 EDTEADSYPassenger plane reportedly crashes, 40 killed in Taiwan, Reuters says
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06:23 EDTEADSYAirbus group submits bid as Denmark looks to replace F-16s, WSJ reports
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06:07 EDTEADSYAirbus signs MOU with Hawaiian Airlines for six A330-800neos
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July 22, 2014
07:23 EDTEADSYAirbus 'successfully' performs METRO test with A350 MSN001
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July 21, 2014
06:29 EDTEADSYAirbus aiming for pan-European drone deal to rival Taranis, Bloomberg says
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July 17, 2014
06:57 EDTEADSYAirbus seeks to curb A380 door problem worries, Reuters says
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06:50 EDTEADSYAirbus considering partnering with high tech companies, NY Times says
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06:36 EDTEADSYAirAsia X to order 50 Airbus A330neo
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06:32 EDTEADSYHong Kong Aviation Capital orders 70 A320neo Family aircraft
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July 16, 2014
08:10 EDTEADSYBoeing, Airbus narrow engine choices in move toward efficient jets, WSJ says
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07:35 EDTEADSYCIT Group, Rolls-Royce finalize agreement for Trent 7000 engines for A330-900neo
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July 15, 2014
10:47 EDTEADSYInterjet selects LEAP-1A to power A320neos in $2.9B order
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06:21 EDTEADSYAirbus aiming for over 100 A330neo orders at airshow, Reuters reports
John Leahy, the sales chief of Airbus, is aiming for over 100 orders for the A330neo aircraft at this week's Farnborough Airshow, Reuters reports. Leahy expects at least 50 orders for the revamped jet at the show. Reference Link

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