French Police Search Airbus HQ Over Stock Sales | 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-04.01.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-Unlimited-04.11.24

Airborne-Unlimited-04.12.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Wed, Jun 21, 2006

French Police Search Airbus HQ Over Stock Sales

...And Things Get Even Uglier In French Parliament

We don't want to say things have taken a turn for the worse in Toulouse... but it's seldom a good thing when the police show up.

In the latest development in the increasingly bizarre saga regarding who knew what, and when, about the latest delay to hit Airbus's A380 program... Forbes reports that police raided Airbus headquarters Monday night, seeking to establish whether management knew of that delay before several executives at parent company EADS sold off some of their stock in the European consortium.

Since the revelation of EADS co-CEO Noel Forgeard's stock sale came to light late last week, there have been several calls for him to resign his position... including the latest rumor, that "the German side" of EADS -- automaker DaimlerChrysler -- has demanded Forgeard (above, right), who is French, to step down.

On Tuesday, a spokesman for EADS stated he could "clearly" deny those rumors... but several sources claim EADS has asked Forgeard to stay out of the limelight for the time being, nonetheless.

The matter has even escalated to French parliament, with a vitriolic exchange Tuesday in the National Assembly.

"...I denounce the ease, and I would even say face-to-face, the cowardice, the cowardice of your position," French Prime Minister Dominique de Villepin told Socialist leader Francois Hollande, over Hollande's insistence that the French government state publicly whether it supported Forgeard or not.

MSNBC reports that statement prompted Hollande and several of his fellow party members to advance towards the government side of the assembly... before they were stopped by parliamentary stewards.

Socialist party members later walked out in protest.

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

Advertisement

More News

ANN's Daily Aero-Linx (04.15.24)

Aero Linx: International Flying Farmers IFF is a not-for-profit organization started in 1944 by farmers who were also private pilots. We have members all across the United States a>[...]

Classic Aero-TV: 'No Other Options' -- The Israeli Air Force's Danny Shapira

From 2017 (YouTube Version): Remembrances Of An Israeli Air Force Test Pilot Early in 2016, ANN contributor Maxine Scheer traveled to Israel, where she had the opportunity to sit d>[...]

Aero-News: Quote of the Day (04.15.24)

"We renegotiated what our debt restructuring is on a lot of our debts, mostly with the family. Those debts are going to be converted into equity..." Source: Excerpts from a short v>[...]

Airborne 04.16.24: RV Update, Affordable Flying Expo, Diamond Lil

Also: B-29 Superfortress Reunion, FAA Wants Controllers, Spirit Airlines Pulls Back, Gogo Galileo Van's Aircraft posted a short video recapping the goings-on around their reorganiz>[...]

ANN's Daily Aero-Term (04.16.24): Chart Supplement US

Chart Supplement US A flight information publication designed for use with appropriate IFR or VFR charts which contains data on all airports, seaplane bases, and heliports open to >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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