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 05.17.13 Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 05.17.13 **

** AIRBORNE 05.14.13 Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 05.14.13 **

** AIRBORNE 04.01.13 SPECIAL EDITION of Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 04.01.13 SPECIAL EDITION **

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 (05.18.13)

Fun Places To Fly All gassed up and no place to go? "Fun Places To Fly" has an ever growing list of Aviation Events and Fun Places to Fly, provided by pilots like you who love avia>[...]

ANN's Daily Aero-Term (05.18.13): Differential Ailerons

Control surface rigged such that the aileron moving up moves a greater distance than the aileron moving down. The up aileron produces extra parasite drag to compensate for the addi>[...]

Aero-News: Quote Of The Day (05.18.13)

"While the IRS will complete open audits, management companies can be secure in the fact that while additional guidance is developed, they will not face potentially crippling tax a>[...]

ANN FAQ: It's Alive! ANN REALTIME NewsBug Headlines for YOUR Desktop!

It's For Real! ANN REALTIME NewsBug Released To ANN Readers, Worldwide For those of you using a windows PC (MAC version in the works... we promise), a new REALTIME News Service fro>[...]

Online Fundraising Campaign Underway To Restore SF Fleet Week Air Show

Crowdfunding Effort Has A Goal Of $800,000 Online fundraising efforts called "Crowdfunding" are all the rage these days, with entrepreneurs using the campaigns to raise money to es>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2013 Web Development & Design by Pauli Systems, LC