Airbus maker EADS closes merger saga as profit leaps

Feb 28 2013, 08:34 IST
Comments 0
SummaryShares in Europe's largest aerospace company reached a record high.

said they had held "good and constructive" talks on subjects including the board, but not the unsuccessful government-backed bid of Anne Lauvergeon.

Despite Wednesday's gains, Enders also said EADS had to do more to achieve a targeted operating margin of 10 percent in 2015, broadly on a par with Boeing. The U.S. company has long outstripped Airbus on this score - blurred by accounting differences that allow it to defer the impact of 787 outlays.

Boeing recently posted fourth-quarter results above expectations, thanks largely to its ability to speed up jet production and keep down costs.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...