French Aerospace Can't Live On La Gloire Alone

Aerospatiale's chief calls for all-out European restructuring

Louis Gallois seems an unlikely candidate to lead the transformation of Europe's aerospace industry. The former French civil servant, 52, has worked for years in the government-controlled defense and aerospace sector--currently as chairman of troubled Aerospatiale. He has even gone along with nationalistic French policymakers who have tried stubbornly to preserve the independence of their aerospace industry, even as U.S. rivals team up in huge cost-cutting mergers.

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