EADS Asking Airlines to Pay in Euros as U.S. Dollar Hedge
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European Aeronautic Defence & Space Co., maker of Airbus airplanes, is in talks with airline customers to get paid in euros as a hedge against currency exchange losses from the U.S. dollar, the company’s chief financial officer said.
“The challenge is to identify airlines in Europe and Middle East who have a mirroring exposure to what we have,” Hans Peter Ring, EADS’s top financial officer, said in a meeting with reporters in New York. “We’re long on the dollar and they’re short on the dollar probably and this would be a win-win if we can identify that” and get them to pay in euros.