Airbus parent may seek to refuse German support
BERLIN | European aerospace giant EADS is examining if it can do without German support, amid increasing pressure from Berlin to safeguard Germany’s interests, a Frankfurt newspaper reported Monday.
In February, Tom Enders, the group’s new chief executive, sparked anxiety in Berlin by announcing the group would be restructured, with management of the giant to be concentrated in the southern French city of Toulouse, as opposed to the current Paris-munich-toulouse split.
But Peter Hintze, Germany’s coordinator for the aerospace sector, called it “unacceptable” that German plants would not be expanded and called for a “reversal of the trend.”
To avoid such pressure from Berlin, EADS and its subsidiary Airbus are now looking at whether they can do without development support from the federal government, the Allgemine Zeitung reported, quoting sources close to the company.