Chief promises 'equal distribution' of new Airbus

12th October 2006, Comments 0 comments

FRANKFURT, Oct 12, 2006 (AFP) - Louis Gallois, co-chief executive of EADS and the new head of aircraft maker Airbus, sought Thursday to reassure Germany that it would not have to bear the brunt of group restructuring.

FRANKFURT, Oct 12, 2006 (AFP) - Louis Gallois, co-chief executive of EADS and the new head of aircraft maker Airbus, sought Thursday to reassure Germany that it would not have to bear the brunt of group restructuring.

When it came to the decisions as to where and how costs would be cut, fairness and an equal distribution between the countries where Airbus sites were situated would be taken into consideration, Gallois told the daily Frankfurter Allgemeine Zeitung in an interivew.

"I don't believe, for example, that you can ask Germans to pay for the French or vice versa," the chief executive said on the same day that he was due to visit the biggest German Airbus facility in Hamburg.

The crisis-ridden plane maker is looking to cut administrative costs by 30 percent and boost productivity by 20 percent over the next four years.

Germany is particularly concerned that the Hamburg site might be targeted, since some of the problems in the delays in the group's A380 superjumbo have been traced to that plant.

But Gallois was reassuring.

"If Hamburg has lengthened the take-off and landing runways of its airport" in order to cope with the A380," that could not be ignored, Gallois said.

Copyright AFP

Subject: French news

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