This morning EADS delivered its business highlights from 2011. Follow @FlightDKM, @MaxABed and @Thisdell who are covering the event live for Flightglobal or follow the live stream below:
Hamburg, 17 January 2012 - EADS turned 2011 into a year of growth and remarkably
improved performance: The Group reached a record order intake thanks to the strong
commercial aircraft momentum - particularly due to the A320neo's astounding market
reception - and solid performance in Astrium, Cassidian and Eurocopter.
At a joint New Year's press conference with Airbus, EADS CEO Louis Gallois said: "Our record order book and the strong net cash position are a testimony for the Group's strength and visibility. EADS is a cash and growth machine. Now it's time for growing profitability.
A320neo was "truly the star of the year" and "forced" Boeing to re-engine 737 which "doesn't seem to be an easy task": EADS chief Gallois-- DavidKaminski-Morrow (@FlightDKM) January 17, 2012
Airbus expects 570 deliveries in 2012, and 600-650 orders-- DavidKaminski-Morrow (@FlightDKM) January 17, 2012
Airbus has removed the American Airlines A320neo order (130 jets) from its 2011 books, but appears to have reinstated Republic's 80.-- DavidKaminski-Morrow (@FlightDKM) January 17, 2012
Airbus looking at putting sharklets on A330: Leahy-- DavidKaminski-Morrow (@FlightDKM) January 17, 2012
End May EADS will designate successors "this is just the 1st step..but we have not to wait too much" Gallois-- Max Kingsley-Jones (@MaxABEd) January 17, 2012
#AIRBUS ended 2011 w/ record low expose to export finance "couple 100 mill less" than end 2010-- thisdell (@thisdell) January 17, 2012
Latest news and reaction from the press conference