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EU aviation, defence industry warns against strong euro

BRUSSELS, July 3, 2008 (AFP) - Europe's aviation and defence industry warned Thursday of possible job losses caused by the strength of the euro and said they would raise their concerns soon with the European Central Bank (ECB).

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Former Airbus boss Humbert charged with insider trading: source

PARIS, July 2, 2008 (AFP) - The German former chief executive of planemaker Airbus, Gustav Humbert, was charged Wednesday with insider trading at parent company EADS, a legal source said.

Humbert was released on bail of 350,000 euros, the source said.

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Former Airbus boss to face judges over inside trade probe: source

PARIS, July 2, 2008 (AFP) - The former German chief executive of planemaker Airbus, Gustav Humbert, in custody for questioning over alleged insider trading, will go before a judge Wednesday to face possible charges, a source close to the case said.

Humbert was detained for questioning Monday by France's financial crime unit over alleged insider trading at Airbus parent EADS.

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Questioning of former Airbus head in insider probe extended: source

PARIS, July 1, 2008 (AFP) - The former German chief executive of aircraft manufacturer Airbus, Gustav Humbert, will he held for questioning for another 24 hours in connection with alleged insider trading at Airbus parent EADS, a source close to the probe said Tuesday.

Humbert was detained for questioning Monday by France's financial crime unit.

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Former head of Airbus detained in insider probe: source

PARIS, June 30, 2008 (AFP) - The former head of aircraft manufacturer Airbus, Gustav Humbert of Germany, was detained for questioning by France's financial crime unit Monday in connection with alleged insider trading at Airbus parent EADS, a source close to the matter said.

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BAE Systems names new chief executive

LONDON, June 27, 2008 (AFP) - BAE Systems, the British aerospace company making military equipment, said on Friday said that its chief operating officer Ian King would replace chief executive Mike Turner from September.

BAE had last year announced that Turner would retire in late 2008.

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Airbus says it eclipses Boeing orders through May

PARIS, June 6, 2008 (AFP) - Airbus received 435 net aircraft orders from January to May, the European manufacturer said Friday, eclipsing US rival Boeing, which according to its website had recorded 418 orders in the period.

Airbus reported 35 order cancellations in the first five months, Boeing reporting one.

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Ex-EADS head Forgeard sues over leaked police interviews

PARIS, June 6, 2008 (AFP) - Former EADS head Noel Forgeard, charged with insider trading at the European aviation group, said Friday he is suing an unknown person after police interview details were leaked in the French press.

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Lockheed wins 234-mln-dlr contract to sell Morocco 24 F-16s

WASHINGTON, June 6, 2008 (AFP) - US defense contractor Lockheed Martin said Friday it had been awarded a 233.6-million-dollar contract to supply Morocco with 24 F-16 fighter jets.

The military jet contract was awarded by the US government. Washington has to clear the sale of advanced military equipment to foreign states.

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Italy's Air One orders 24 Airbus long-haul jets: Airbus

PARIS, June 4, 2008 (AFP) - Italian carrier Air One has placed a firm order for 12 Airbus A350-800 and 12 A330-200 aircraft, Airbus announced Wednesday.

The European manufacturer added that Air One, Italy's second leading airline, had also taken options on 12 other A350-800s and eight A330-200s.

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