Airbus Group CEO Tom Enders told investment analysts on Wednesday that he doesn’t see an impending end to the upward cycle in demand for airliners despite the spate of order cancellations Airbus’s civil division suffered during the first half of the year.
The organizers of this week’s ILA Berlin airshow claimed 1,200 exhibitors from 40 countries, and were expecting 200, 000 visitors, including public spectators on the last three days. The show had plenty to offer in the fields of civil aerospace, space and environmental solutions. However, defense exhibitors and attendees at ILA Berlin are mostly focused on German requirements. The problem is, the Germans are not buying anything.
In ceremonies at the Seville factory and at Orleans airbase on September 30, Airbus Military and the French Air Force celebrated the entry into service of the A400M airlifter. No new aircraft were handed over, but delivery of the second aircraft for France and the first for Turkey will occur by the end of October.
Contrary to recent speculation in the financial press, EADS has no intention of reviving the merger talks with BAE Systems that were aborted last October. “It’s not on our radar; we’re both moving on,” said Tom Enders, CEO of EADS. “All the stars were aligned last summer, or so we thought. But at least one proved to be missing,” he continued, in a reference to the German government’s opposition to the merger.
The French and German governments have agreed to reduce their shareholdings in EADS to 12 percent each, and drop their veto rights over key decisions. Spain will hold 4 percent. EADS said the pact will normalize and simplify its governance, while still allowing the three countries “to protect their legitimate strategic interests.”
EADS has replaced Stefan Zoller as head of Cassidian, the group’s defense business. Cassidian has not enjoyed the same level of success as other EADS divisions, and is facing a difficult home market in Europe. An official statement says Zoller is leaving “to pursue new professional challenges.”