Chirac affirms 'full confidence' in battered Airbus

16th June 2006, Comments 0 comments

BRUSSELS, June 16, 2006 (AFP) - French President Jacques Chirac said Friday he had full confidence in aircraft manufacturer Airbus, which this week announced delays in the delivery of its A380 superjumbo jet and sparked a sharp plunge in the share price of parent company EADS.

BRUSSELS, June 16, 2006 (AFP) - French President Jacques Chirac said Friday he had full confidence in aircraft manufacturer Airbus, which this week announced delays in the delivery of its A380 superjumbo jet and sparked a sharp plunge in the share price of parent company EADS.

"The company is entirely mobilised," Chirac told reporters on the sidelines of an EU summit in Brussels. "I have every confidence in it."

EADS co-chief executive Noël Forgeard said earlier Friday that this week's events "should serve as a lesson to us."

"One always learns as much from one's failures as from one's successes ... After the battering which we've just had, all the elements are in place for us to pick up the pieces," he told French radio.

Copyright AFP

Subject: French news

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