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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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August 28, 2015
09:12 EDTEADSYBoeing Airbus weakness creates buying opportunities, says Citi
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August 26, 2015
09:05 EDTEADSYAirbus delays superjumbo delivery to Transaero, Bloomberg reports
Airbus has delayed the delivery of its A389 superjumbo to Transaero Airlines in order to help the carrier cope with slowing travel demand domestically, Bloomberg reports, citing comments from Airbus' Chris Buckley, executive VP for customer affairs, in an interview at the Moscow Air Show. "We're working with them to determine new dates," Chris Buckley said. "Given the turbulence in the Russian market overall over the last two years, this is no big surprise." Reference Link
August 25, 2015
06:12 EDTEADSYAirbus seeks legal action against Japan's ministry of defence, FT reports
Airbus is seeking legal action against Japan's ministry of defence after losing out on a multi-billion dollar deal to supply helicopters to the nation's ground defence forces, the Financial Times reports, citing people familiar with the situation. Reference Link
August 24, 2015
12:26 EDTEADSYAvolon Capital acquires Airbus A321-200 aircraft on lease to Vueling Airlines
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06:39 EDTEADSYPolish opposition raises doubts over Airbus contract, Reuters reports
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August 19, 2015
10:00 EDTEADSYAllegiant Travel agrees to purchase 50th Airbus aircraft
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August 18, 2015
16:07 EDTEADSYWoodward signs agreement with Aircelle
Woodward announced that it signed an agreement with Aircelle to supply hardware for the Thrust Reverser Actuation System, or TRAS, for the Airbus A330neo jetliner.
06:53 EDTEADSYPrivate equity firms dominate bidding for Airbus defense assets, Bloomberg says
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August 17, 2015
06:43 EDTEADSYIndiGo firms up 250 Airbus A320neo aircraft order
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