"Major Screwup" at Airbus

Top executive Noel Forgeard has resigned and market regulators are investigating his exercise of options in the wake of delivery delays with its A380

John Leahy, the American-born chief salesman for Airbus, is rarely heard to utter a discouraging word. But when Leahy was asked, over coffee in his office this week, to discuss the turmoil enveloping Airbus, his response was blunt: "The facts speak for themselves. This is a major screwup. It's an embarrassment, the worst I can remember in 22 years" with the company.

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