BusinessCompany NewsEADS predicts share issue after Airbus red alert

EADS predicts share issue after Airbus red alert

Hans Peter Ring, the CFO of EADS and Airbus, says group will have to shore up finances as losses mount

EADS and
Airbus chief
financial officer
Hans
Peter Ring
has warned that he may have to go to the market for
additional funds after forecasts indicated that Airbus will post losses of
several hundred million euros in 2006.

The heavy losses are a result of heavy restructuring charges and costly
delays to the A380 superjumbo, Airbus parent EADS warned.

According to The FT
, analysts are predicting that a decision on whether to pursue a share
issue will be made in April and presented to the EADS annual meeting in May. If
the issue goes ahead, it is estimated that Airbus will aim to raise €5bn
(£3.3bn).

Ring said the groups was considering ‘all financial instruments’.

Further reading:

KPMG to investigate Airbus finances

Analysts predict takeoff in BAE’s credit rating

Hewitt challenged over
bribery rules climb-down

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor