Airbus Group

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Airbus Group
Type Naamloze vennootschap
(public limited company)
Traded as EuronextEAD
BMADEAD
FWBEAD
CAC 40 Component
Industry Aerospace, Defence
Predecessors European Aeronautic Defence and Space Company (EADS)
Founded 10 July 2000; 14 years ago (2000-07-10) as EADS
Headquarters Leiden, Netherlands (headquarters)[1]
Blagnac, France (main office)[2]
Area served Worldwide
Key people Denis Ranque (Chairman)
Dr Tom Enders (CEO)
Revenue Increase 59.3 billion – 2013
Backlog: Increase €634.8 billion
Operating income Increase €2.131 billion – 2012
Profit Increase €1.299 billion – 2012
Total assets Increase €92.102 billion – 2012
Total equity Increase €10.434 billion – 2012
Owners 09-30-2013:[3]
SOGEADE12%
GZBV10.72%
SEPI4.13%
Other shareholders – 73.15%
Employees 143,358 – June 2013
Subsidiaries Airbus
Airbus Defence and Space
Airbus Helicopters
Website airbus-group.com
Footnotes / references
2012 Financial Statements[4]
Backlog per 31 June 2013[5]

The Airbus Group is a European multinational aerospace and defence corporation registered in the Netherlands and headquartered in Toulouse, France. The group consists of the three business divisions Airbus, Airbus Defence and Space, and Airbus Helicopters.[6]

The company was originally formed as the European Aeronautic Defence and Space Company (EADS) on 10 July 2000 by the merger of Aérospatiale-Matra, DaimlerChrysler Aerospace AG (DASA), and Construcciones Aeronáuticas SA (CASA). In January 2014, EADS was reorganised as Airbus Group combining the divisions for development and marketing of civil and military aircraft, as well as communications systems, missiles, space rockets, helicopters, satellites, and related systems.

History[edit]

Main article: EADS § History

On 31 July 2013, it was reported that EADS was to be renamed in 2014 to Airbus Group, adopting the name of its commercial aircraft-building subsidiary, which had become its most important revenue generator.[7] In January 2014, EADS was reorganised as Airbus Group, with three divisions.[6]

Organisation[edit]

Airbus[edit]

The civil airliner manufacturer Airbus is the biggest division in terms of sales and employees.[citation needed] The product portfolio encompasses short range aircraft such as the A320 family and the world's largest passenger airliner, the A380.

Airbus Defence and Space[edit]

The division Airbus Defence and Space was formed in January 2014 as part of the group restructuring from the former EADS divisions Airbus Military, Astrium, and Cassidian.[8]

Airbus Helicopters[edit]

Airbus Helicopters, formerly known as Eurocopter, is a worldwide leader in helicopter manufacturing and support.[citation needed]

Other units and holdings[edit]

In September 2014 Airbus considered divesting Dassault and several other units to focus on aerospace.[10]

Corporate governance[edit]

Airbus Group management as of January 2014:[11]

Chief Executive Officer: Thomas Enders

Executive Committee:

Member Title
François Auque Executive Vice President - Space Systems, Airbus Defence and Space
Thierry Baril Chief Human Resources Officer Airbus Group & Airbus
Jean Botti Chief Technical Officer Airbus Group
Fabrice Brégier Chief Executive Officer Airbus
Günter Butschek Chief Operating Officer Airbus
Guillaume Faury Chief Executive Officer Airbus Helicopters
Bernhard Gerwert Chief Executive Officer Airbus Defence and Space
Marwan Lahoud Chief Strategy and Marketing Officer Airbus Group
John Leahy Chief Operating Officer - Customer - Airbus
Sean O'Keefe Chief Executive Officer Airbus Group North America
Domingo Ureña-Raso Executive Vice President Military Aircraft, Airbus Defence and Space
Harald Wilhelm Chief Financial Officer Airbus Group & Airbus

The Executive Committee is appointed by the board of directors, itself appointed by Daimler AG and SOGEADE. Both appoint four directors plus one independent director. As of July 2003 SEPI no longer nominates a board member, but a Spanish director is retained as the 11th member.[12] The board also appoints the company's chairmen, one from the Daimler nominated directors and from the SOGEADE nominated directors. In late 2004 Noël Forgeard (then Airbus CEO) was nominated by Lagardère as the next French CEO of EADS. Forgeard had suggested that this system should be abolished in favour of a single CEO in a move that DaimlerChrysler saw as an attempt to engineer a French dominated management team. Following protracted arguments, which caused embarrassment to EADS at the Paris Air Show, the appointment was confirmed by the EADS Board of Directors on 25 June 2005. At the same meeting the Board, in consultation with partner BAE Systems, named Gustav Humbert as President and CEO of Airbus.[citation needed]

Financial information[edit]

As of 30 June 2013 72.37 % of Airbus Group stock is publicly traded on six European stock exchanges, while the remaining 26.77 % is owned by a "Contractual Partnership".[13] The latter is owned by SOGEPA (11.96 %), GZBV (10.69 %) and SEPI (4.12 %). SOGEPA is owned by the French State and Lagardère, while SEPI is a Spanish state holding company. France also owns 0.06 % of publicly traded stock.[14]

See also[edit]

Notes[edit]

  1. ^ CONTACT Airbus Group
  2. ^ CONTACT Airbus Group
  3. ^ "EADS Shareholding Structure". EADS.com. 
  4. ^ "EADS Financial Statements 2012". EADS.com. 
  5. ^ "EADS Reports Solid Half-Year (H1) Results, Reaffirms 2013 Guidance". EADS.com. 
  6. ^ a b "What we do". Airbus Group. 2014. Retrieved 10 July 2014. 
  7. ^ BBC News - EADS to be renamed Airbus Group. Bbc.co.uk (2013-07-31). Retrieved on 2013-08-16.
  8. ^ EADS changes name to Airbus, subscription required.
  9. ^ "Premium AEROTEC commences aircraft component production in Romania". EADS. Retrieved 26 March 2011. [dead link]
  10. ^ Jens Flottau, Tony Osborne and Amy Svitak. "Airbus Group To Focus On Military Aircraft, Space And Missiles" Aviation Week & Space Technology, 22 September 2014. Accessed: 24 September 2014. Archived on 24 September 2014
  11. ^ "Executive Committee Members". Airbus Group. 1 May 2013. Retrieved 23 January 2014. 
  12. ^ "EADS N.V. – Board of Directors – Role and Composition". EADS. Retrieved 12 July 2011. [dead link]
  13. ^ "EADS Shareholding Structure". Eads.eu. Retrieved 12 July 2011. [dead link]
  14. ^ EADS Global Website - Shareholding Structure. Eads.com (2013-06-30). Retrieved on 2013-08-16.

External links[edit]