EADS has begun a sharp counteroffensive against allegations by the AMF

of insider trading among top management at the company and its subsidiary Airbus. The press goes back over interviews granted by Louis Gallois to Les Echos and Frankfurter Allgemeine Zeitung, in which he strongly defends the members of the executive committees of Airbus and EADS cited in the inquiry, saying they are “not cheaters and profiteers”. In a note sent to the AMF’s general council, dated March 21, Mr Gallois had previously suggested that the regulator did not understand the intricacy of the aircraft business and the “industrial reality of some of the most complex development programmes”. L’Agefi, Borsen-Zeitung, Die Welt, Cinco Dias, International Herald Tribune