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Sat, Nov 10, 2007

Aero-News: Quote of the Day (11.10.07)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"We have to react. We must find additional savings of roughly one billion euros by 2010 or 2011 ... Nothing is excluded."

Source: Louis Gallois, CEO of EADS. On Thursday, the European consortium posted a $1.14 billion loss for the third quarter of 2007... a situation partly due to delays to the Airbus A400M military transport program. Gallois said the bulk of the company's problems can be tied to the falling US dollar, however, in relation to the euro.

FMI: www.eads.com

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