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Airbus CEO quits
Airbus chief executive Christian Streiff has resigned and is being replaced by Louis Gallois, co-chief executive of parent company EADS.
Streiff has been CEO since July, when he replaced Gustav Humbert who was ousted along with EADS co-CEO Noel Forgeard.
Gallois is a former head of French state railway company SNCF.
“The new structure will allow for simpler and more effective management,” said a statement from EADS.
According to reports in the financial press, Streiff had wanted more money in order to put a plan in place to complete the production of the A380, which has been delayed by two years.
Many of the 16 airlines awaiting the A380 have demanded compensation for the late delivery.
By Bev Fearis
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Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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