Tuesday, November 17, 2009


Airbus Parent EADS Reports Heavy Losses
EADS took an 87 euro million hit in the third quarter, largely thanks to the weakening US dollar. The company, however, is also plagued with production delays on its aircrafts and slowing orders in a challenging economic environment.

The weak US dollar has claimed its latest victim.

European aerospace and defence giant EADS reported a loss of €87 million ($130 million) in the third quarter of this year thanks to its strong position in the US dollar. The poor results reflected the challenging environment for the Airbus maker, in part because the company is paid dollars for the majority of aircraft it sells.

... new generation air ships ...
... repeat with me "peak oil" ...

# posted by intcoex : 5:41 PM




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