A Management Tiff In Europe's Aviation Biz
Hostility is flaring between Airbus Chief Executive Noël Forgeard and the planemaker's parent, European Aeronautic Defense & Space Co. Forgeard angered Philippe Camus and Rainer Hertrich, dual CEOs of Franco-German EADS, by supporting a French government proposal to install Forgeard as EADS's sole boss. "I cannot comprehend that Noël Forgeard...has such little regard for the international image of the group," Hertrich said in a Dec. 1 interview with German newspaper WirtschaftsWoche. France shelved its proposal, but tensions remain over Forgeard's desire to seek government loans to finance the proposed new A350 plane. The EADS board on Nov. 29 delayed a decision on the project amid fears that loans would intensify trade friction with the U.S., thus jeopardizing EADS's efforts to win U.S. defense contracts.
Edited by Rose Brady