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-05.13.24

Airborne-NextGen-05.07.24

Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

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

Sierra Space Repositions Dream Chaser for First Mission

With Testing Soon Complete, Launch Preparations Begin in Earnest Sierra Space's Dream Chaser has been put through the wringer at NASA's Glenn Armstrong Test Facility in Ohio, but w>[...]

ANN's Daily Aero-Term (05.10.24): Takeoff Roll

Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]

Aero-News: Quote of the Day (05.10.24)

“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]

Aero-News: Quote of the Day (05.11.24)

"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]

ANN's Daily Aero-Term (05.11.24): IDENT Feature

IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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