February 28, 2017 9:00 AM ET

Aerospace and Defense

Company Overview of Airbus S.A.S.

Company Overview

Airbus S.A.S., along with its subsidiaries, manufactures aircraft. It offers commercial aircraft, double-deck aircraft, passenger aircraft, corporate jets, freighter aircraft, and military aircraft. The company has strategic agreements with Aerolineas Argentinas and Fokker Technologies. Airbus S.A.S. was formerly known as Airbus Industrie GIE. The company was founded in 1970 and is based in Toulouse, France. It has subsidiaries in the United States, China, Japan, India, and the Middle East; spare parts centers in Hamburg, Frankfurt, Washington, Beijing, and Singapore; training centers in Toulouse, Miami, Hamburg, and Beijing; and field service offices around the world. Airbus S.A.S. operates...

1, Rond Point Maurice Bellonte

Blagnac

Cedex

Toulouse,  31707

France

Founded in 1970

Phone:

33 5 61 93 33 33

Fax:

33 5 61 93 44 51

Key Executives for Airbus S.A.S.

Chief Executive Officer
Age: 58
Chief Financial Officer
Age: 50
Chief Operating Officer
Age: 63
Chairman of European Aeronautic Defence & Space Company and Co-Chief Executive Officer of European Aeronautic Defence & Space Company
Age: 72
Chief Executive Officer of Airbus Japan K K and President of Airbus Japan K K
Age: 49
Compensation as of Fiscal Year 2016.

Airbus S.A.S. Key Developments

Airbus Reports Earnings Results for the Full Year 2016

Airbus reported earnings results for the full year 2016. For the year, the company reported profit fell 63% in 2016 to EUR 995 million from EUR 2.7 billion the year before. Profits before interest, tax and adjustments stood at EUR 3.999 billion down 3% year on year.

Airbus Announces Executive Changes

Airbus has appointed Mikail Houari, a global industry veteran, as its new president for the Middle East and Africa (MEA) region. He replaces Habib Fekih, who retires after 30 years of successful service. Houari, who previously served as deputy president for MEA, brings to the position more than 25 years of experience within the industry at a global level. In his new role, he will lead the team to drive operations and future business across the region. He succeeds Habib Fekih, who will retire after 30 years of service with Airbus.

Austria Sues Airbus over Suspected Eurofighter Fraud

Austria filed a lawsuit against Airbus and the Eurofighter consortium, alleging wilful deception and fraud linked to a EUR 2 billion ($2.1 billion) order for Eurofighter jets in 2003. The ministry said that following an investigation it believed Airbus and Eurofighter had misled Austria about the purchase price, deliverability and equipment of the jets. Damages could amount to EUR 1.1 billion. Austria initially ordered 18 Eurofighter jets but reduced the order to 15 in 2007. It then ordered a review of the purchase four years ago following bribery allegations. The deal was controversial from the outset and allegations surfaced almost immediately after its announcement in 2003 that money was pocketed by politicians, civil servants and others via brokers for side deals accompanying the purchase. A European defense executive, asking not to be identified, said Eurofighter had won the deal with the lowest price. The Eurofighter is built by a consortium comprising Britain's BAE Systems and Italy's Leonardo as well as Airbus, which represents the other two nations in the European project: Germany and Spain. Airbus and the consortium illegally charged nearly 10% of the purchase price of EUR 1.96 billion for so-called offset deals, according to the defense ministry's findings. While offset deals - which involve work being given to local companies - were part of the agreement, their cost should have been reported separately. Airbus and Eurofighter Jagdflugzeug GmbH, which coordinates the production of the aircraft and is headquartered in Munich, also deceived Austria about its ability and will to deliver the agreed equipment.

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