EADS, Airbus' parent company, has replaced its Co-Chief Executive Noel Forgeard with French railways head Louis Gallois, in the wake of a series of delays over the launch of the much anticipated A380, reported Reuters. The CEO of Airbus itself, Gustav Humbert, has also resigned and will be replaced by Christian Streiff. Humbert described the delays to the A380 as a major disappointment to both customers and shareholders. [AMEInfo.com]
Posted July 03, 2006
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