EADS Faces Class-Action Suit Over A380 Delays | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Wed, Jul 12, 2006

EADS Faces Class-Action Suit Over A380 Delays

And More May Be Coming

As if things weren't bad enough over at EADS right now... here come the lawyers.

Attorneys for French investors in Airbus's parent company EADS have filed suit against the aerospace giant after their stock took a nosedive back in June. Share values dropped more than 25-percent after word that the Airbus A380 project would be delayed for a second time... for at least six months.

The Times in London reports the initial suit was filed in the Netherlands... but more lawsuits could be on the way in London, Rome and New York.

EADS is already under investigation in France, where government regulators want to know more about communications with investors -- communications that lawsuit says were deliberately misleading.

The probe into insider trading on the part of EADS executives continues, even after co-CEO Noel Forgeard and Airbus chief Gustav Humbert were tossed out.

And, as ANN reported Monday, EADS investor BAE Systems in the UK wants an audit of the company's finances... saying the offer it's received for a 20-percent stake in EADS was way undervalued.

FMI: www.eads.com, www.airbus.com

Advertisement

More News

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

Also: SkyReach Parts Support, Piper Service Ctr, Airliner Near-Miss, Airshow London The Judge overseeing Icon's convoluted Chapter 11 process has approved $9 million in Chapter 11 >[...]

ANN's Daily Aero-Term (05.13.24): ILS PRM Approach

ILS PRM Approach An instrument landing system (ILS) approach conducted to parallel runways whose extended centerlines are separated by less than 4,300 feet and at least 3,000 feet >[...]

ANN's Daily Aero-Linx (05.13.24)

Aero Linx: FlyPups FlyPups transports dogs from desperate situations to fosters, no-kill shelters, and fur-ever homes. We deliver trained dogs to veterans for service and companion>[...]

Airborne-NextGen 05.07.24: AI-Piloted F-16, AgEagle, 1st 2 WorldView Sats

Also: Skydio Chief, Uncle Sam Sues, Dash 7 magniX, OR UAS Accelerator US Secretary of the Air Force Frank Kendall was given a turn around the patch in the 'X-62A Variable In-flight>[...]

Airborne 05.08.24: Denali Update, Dad-Daughter Gyro, Lake SAIB

Also: NBAA on FAA Reauth, DJI AG Drones, HI Insurance Bill Defeated, SPSA Airtankers The Beechcraft Denali continues moving forward towards certification, having received its FAA T>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.15.24: Ghost Sq MidAir, B-2 Junked, Dream Chaser Readies

Airborne-NextGen 05.14.24: 5293 Drone Record, Airbus Acquires, VA-1X UAS Accident

Airborne 05.13.24: DC-9 Jump Plane, Wag-Aero Sold, VA-1X AAIB Report

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC