Airbus And EADS Get New CEOs

Fabrice Bregier is the new CEO of Airbus, and will oversee the A350 XWB wide-body long-range jet program, a rival to Boeing's 787.

Jun 1st, 2012

PARIS (AP) — New chief executives have taken over planemaker Airbus and parent group EADS amid an upturn in the aviation market and efforts to ramp up production on a delayed long-range jet.

Fabrice Bregier is CEO of Airbus as of Friday, the companies said in a statement. He will oversee the A350 XWB wide-body long-range jet program, a rival to Boeing's 787 that has faced cost overruns and delays.

He replaces Tom Enders, who is now CEO of EADS, a European manufacturing giant with joint German-French management that includes defense and satellite businesses.

Enders inherits the job from Louis Gallois, who sought to make EADS less dependent on Airbus, its main source of revenue.

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