logo
Share SHARE
FONT-SIZE Plus   Neg

EADS Moots Name Change To Airbus: Reports

European Aeronautic Defence and Space Co. or EADS NV (EADSF.PK,EADSY.PK) is considering to change its name to that of its better-known unit Airbus, reports said Wednesday. A decision may be taken before the presentation of the company's earnings on July 31.

EADS' executive committee is holding a meeting today. The company's board is scheduled to meet next week.

Airbus, maker of commercial and military aircraft, is better known internationally than its parent company. The unit generated about two-thirds of EADS' earnings and revenue in 2012.

EADS got its current name when French, German and Spanish companies brought together their aerospace assets in 2000.

Tom Enders, chief executive officer of EADS, is said to have established a working group to study the legal and technical aspects of the name change.

The stock rose 0.3 percent in Paris on Wednesday to close at 41.70 euros.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
France is reported to be considering new laws that will make Internet companies like Google and Facebook liable for social media posts inciting terrorism. The FCC has warned Marriott and other hotel chains to stop the "disturbing trend" of illegally blocking guests' private wi-fi. Marriott, which was fined $600,000 for blocking personal hotspots in hotel rooms and conference spaces, recently stopped the practice after a storm of criticism on social... Apple Inc. said Tuesday after the markets closed that its first quarter profit rose 38% from last year, driven by all time record revenue from iPhone and Mac sales as well as record performance of its App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales.
comments powered by Disqus
Follow RTT