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EADS 2007 worse than expected

Paris, France - Gallois: "Was exceptionally transparent, professional and fair"

Airbus parent EADS reported a net loss of € 446 million for 2007, reversed from a net profit of € 99 million the previous year, as the company was hurt by Power 8 restructuring costs, A-350 XWB program startup charges, the declining value of the US dollar and a 6-12-month delay to the A-400M military transport aircraft program. "Improvements across the board and our recent success on the US def...

AVIONEWS - World Aeronautical Press Agency - 1086911

AVIONEWS - World Aeronautical Press Agency