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Home » Airbus Announces Restructuring Plan to Close Profitability Gap With Boeing

Airbus Announces Restructuring Plan to Close Profitability Gap With Boeing

October 17, 2016
The Economist

In October 2006 Airbus revealed the third delay to the A380 programme. Development costs spiralled out of control, to $15bn; three chief executives lost their jobs in succession that year.

The trauma prompted a sweeping modernisation effort that went further in late September with a restructuring announcement by Tom Enders, Airbus Group's chief executive, who says his goal is to close the long-standing profitability gap with Boeing.

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KEYWORDS Aerospace & Defense Air Cargo Business Strategy Alignment Global Logistics Global Supply Chain Management Logistics
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