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Tom Enders

Airbus CEO will not seek third term

Paris - Arab Today

Tom Enders will not seek a third term as CEO of Airbus, France's Le Figaro newspaper reported Tuesday, citing sources close to the matter. But Enders later told AFP that his term runs until April 2019, "and that is the timeline I am working in". A source quoted on Le Figaro's website said that "Tom informed the Elysee very recentlyRead more

Airbus turmoil overshadows bid to rescue CSeries program

Paris - Arab News

Airbus’s coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the deal. The European planemaker secured the deal for Bombardier’s CSeries program by pledging to throw its marketing might behind the loss-makingRead more

Airbus to enter into partnership with Canada's Bombardier

Paris - AFP

In the face of a bitter trade dispute with Boeing, Airbus announced it would take a majority stake in Bombardier's marquee C-Series airliner programme, as the Canadian firm battles a stiff tariff ruling in the United States. The landmark agreement comes after the administration of President Donald Trump slapped a 220-percent countervailing duty, as well as an 80-percent anti-dumping tax,Read more

Airbus CEO says won't cling to job

Frankfurt - AFP

Airbus CEO Tom Enders told a German newspaper he was prepared to step down if he was "no longer part of the solution", as the aircraft manufacturer fights off a widening corruption scandal. "I'm not glued to my job," Enders told the Handelsblatt financial daily in an interview to be published Monday, but insisted he currently saw no reason toRead more

Airbus chief warns of 'significant penalties' from bribery probes

Toulouse (France) - AFP

Airbus CEO Tom Enders said Friday that the aircraft manufacturer risked "significant penalties" following corruption probes including one into over the sale of fighter jets to Austria. "We are currently being investigated for alleged breaches of anti-bribery and anti-corruption laws," Enders wrote in a letter to employees seen by AFP. "We are in this situation because we decided last yearRead more

Airbus chief warns of 'significant penalties'

Toulouse (France) - AFP

Airbus CEO Tom Enders warned Friday that the aircraft manufacturer could face "significant penalties" relating to ongoing corruption probes including one into the sale of fighter jets to Austria. "We are currently being investigated for alleged breaches of anti-bribery and anti-corruption laws," Enders wrote in a letter to employees seen by AFP. "We are in this situation because we decidedRead more

Airbus chief warns of 'significant penalties' from bribery probes

Toulouse - Arab Today

Chief warns of 'significant penalties'

Toulouse - Arab Today

Airbus announces China order of 140 planes for $22.8 bn

Berlin - Arab Today

Airbus said Wednesday it had won a major order from China of 140 planes for $22.8 billion, during a visit by President Xi Jinping to Berlin. The European aircraft maker said it had sealed the agreement with China Aviation Supplies Holding Company (CAS), which chief executive Tom Enders called "one of the biggest contracts signed in a long time byRead more

Airbus announces China order of 140 planes for $22.8 bn

Berlin - Arab Today

Airbus said Wednesday it had won an order from China of 140 planes for $22.8 billion, during a visit by President Xi Jinping to Berlin. The European aircraft maker said it had sealed the "framework agreement" with China Aviation Supplies Holding Company (CAS), which chief executive Tom Enders called "one of the biggest contracts signed in a long time byRead more