October 10, 2006

THE FRENCH, THE GERMANS AND AVIATION ENTUSIASTS ARE TRAPPED ON A WHITE ELEPHANT WITH ONE PARACHUTE:

Departing Airbus head cites clashes with board (LAURENCE FROST, 10/10/06, The Associated Press)

The head of Airbus quit Monday after 99 days on the job, saying he hoped his departure would deliver a "salutary shock" to a company he had found impossible to manage. The troubled European plane maker's parent company, EADS, named one of its co-chief executives to replace him.

The resignation of Christian Streiff deals a fresh blow to Airbus as the company struggles to contain the damage to its finances and reputation from a major new delay to its A380 superjumbo.

Louis Gallois, who headed France's state-owned SNCF railway company before joining European Aeronautic Defense and Space (EADS) in July, replaces Streiff in the top Airbus job while also retaining his current role as joint head of the Franco-German defense group.


No Captain Smith he.

Posted by Orrin Judd at October 10, 2006 7:56 AM
Comments

He hee.

Posted by: erp at October 10, 2006 10:03 AM
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