Airbus Plummets Again
Patrick reported last week on additional delays and manufacturing problems for Airbus's jumbo jet. Today, the struggling company, owned by parent company EADS, lost its second CEO in the span of a hundred days. The now ex-officer, who promised to turn the company around in a 100 days--rather than pass in and back out the company's revolving door--angered investors, employees and involved governments, Germany in particular, after demanding major spending cuts and blaming factories in particular countries for the manufacturing snafus. As the company's stock took another major hit, and as Boeing continues to sell its 787's at a crisp pace, one wonders if Airbus's glory days are over.