Embattled Airbus Chief Struggles To Keep Post

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Noel Forgeard, co-chief executive of the parent company of European aircraft manufacturer airbus, spent last night locked in talks with the company's co-chairman and his co-chief executive, discussing the recent crisis involving the A380 superjumbo jet that sent stock prices plummeting and sales of company stock made Forgeard and his family in the weeks leading up to the crisis.
Technical problems with what was set to be the world's largest passenger airplane cut the price of EADS shares by 26%, and have led to rumors that Airbus may need to be bailed out by European governments and Forgeard replaced. And the fact that Forgeard and his children allegedly made millions selling stock prior to the announcement of the problems haven't helped much either.

EADS chief fights to save career at crisis meeting
[Guardian]
Update:This morning aircraft leasing giant International Lease Finance Corp. warned it might cancel orders of the Airbus A380 superjumbo and the planned A350 model, contracts that may be worth as much as $5 billion.

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