EADS board told of A380 delays before Forgeard stock options sale - report |
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Tue, 29 May 2007 08:36
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PARIS (Thomson Financial) - Delays to the Airbus A380 development programme were discussed at a meeting of EADS' board of directors on March 7, 2006, immediately before former CEO Noel Forgeard sold options on the stock, French business daily La Tribune alleged.The newspaper quoted comments from former Airbus client Jean Galli Douani.Douani gave La Tribune what he said were details of a conversation with Airbus' technical director Alain Garcia, in which he was told the board meeting on March 7 discussed 'serious industrial problems at Airbus,' and 'significant' delays to the A380.Officially, however, the meeting only broached the subject of the A350 and Airbus' technologoical research programme, the paper said.Forgeard sought authorisation allowing him to sell the options on the evening of March 7, the newspaper added.Forgeard has consistently maintained he was unaware of the A380 problems when he exercised the options.vicky.buffery@thomson.comvb/jmsCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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EADS's Enders says French govt pressed for agreement on Forgeard's severance 