Financial Times: Airbus to Begin Restructuring Efforts



The Financial Times reported that Airbus will begin restructuring efforts in October due to A380 superjumbo losses and other costly aircraft program delays.

According to the Times, the restructuring plan, once finalized, may result in a loss of jobs while also providing more control of the civil aerospace division to the Tom Enders, Airbus CEO.

The Times noted that in addition to the A380 superjumbo losses, Airbus has also suffered weak helicopter sales after a recent crash involving one of its most popular models.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com