European Aeronautic, Defence and Space Co. Chief Executive Officer Louis Gallois said the company is not in “crisis mode,” and demand for aircraft remains strong, Sueddeutsche Zeitung reported, citing an interview.
He said the company is “relatively well protected” with “high liquidity” of about 11 billion euros ($14.8 billion) and a strong order backlog, according to the newspaper in an e- mailed preview of an article to appear in tomorrow’s edition. Gallois said EADS (EAD)’s profitability will “increase significantly” in 2012, Suddeutsche added.
The newspaper cited the CEO as saying the markets need “strong and clear” messages on how the authorities intend to handle the euro crisis.
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