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Airbus Becomes One Company, 16 Years After It Was First Formed

  • Move brings jets, satellites and helicopters under one roof
  • CEO Enders seeks cost reduction, makes Bregier his new No. 2
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Photographer: Paul Thomas/Bloomberg

Airbus Group SE will combine all of its divisions into a single company in a major step toward simplifying a business that spans jetliners to space launchers as Chief Executive Officer Tom Enders seeks to cut costs and speed decision-making.

Fabrice Bregier becomes chief operating officer for the group, making him No. 2 to Enders, while remaining head of the main planemaking unit -- renamed Airbus Commercial Aircraft -- with the title of president rather than CEO.