Airbus, Safran and Caisse des Depots yesterday announced the creation of a € 75M investment fund aimed at supporting SMEs in the French aeronautics sector.

Airbus, Safran and Caisse des Depots yesterday announced the creation of a € 75M investment fund aimed at supporting SMEs in the French aeronautics sector. La Tribune says this fund, named Aerofund II, clearly has one goal: pushing further the consolidation of the aeronautics industry.

Thomas Enders reiterated at a conference in Toulouse yesterday that the weak dollar was a “deep, substantial problem ” for Airbus.

Thomas Enders reiterated at a conference in Toulouse yesterday that the weak dollar was a “deep, substantial problem ” for Airbus. He warned that the company was preparing for a “sustained period of low dollar”.

Louis Gallois is confident that EADS will soon find investors for the Airbus sites

Louis Gallois is confident that EADS will soon find investors for the Airbus sites it seeks to sell in France and Germany. According to him, “the euro quotation at $1.58 is the reason why investors hesitate to invest into the aviation sector”. Suddeutsche Zeitung

Airbus is in “advanced talks” with British engineering group GKN over the sale of its Filton site

Airbus is in “advanced talks” with British engineering group GKN over the sale of its Filton site, near Bristol, said Thomas Enders at the Farnborough Air Show yesterday. “There are significant obstacles to overcome”,

Airbus France CFDT union said that imposing longer working hours on the group’s employees would represent “inconsiderate social risks”

Airbus France CFDT union said in a statement yesterday that imposing longer working hours on the group’s employees would represent “inconsiderate social risks” with “dramatic consequences”,

The insider trading probe has refuelled French-German tensions at EADS

The insider trading probe has refuelled French-German tensions at EADS, thus somewhat ruining German Chancellor Merkel and French President Sarkozy’s initiative to end dual management at the company

Latecoere warned that the weakness of the dollar will lead to 1,000 job losses in France

Toulouse-based aerospace supplier Latecoere warned that the weakness of the dollar will lead to 1,000 job losses in France as more subcontracting work will be transferred to low-cost countries

French President Nicolas Sarkozy is against the sale of the Airbus plant in Meaulte

French President Nicolas Sarkozy is against the sale of the Airbus plant in Meaulte. He said in Paris on Monday that he was opposed to the divestment of the French factory when he saw that

French President Nicolas Sarkozy opposes the sale of the Airbus plant in Meaulte

French President Nicolas Sarkozy opposes the sale of the Airbus plant in Meaulte, Northern France. According to Reuters Deutschland, Mr Sarkozy said he was against the sale of the French factory,

Louis Gallois briefed trade unions on the progress of the Power 8 job-cutting programme during a European works council

Louis Gallois briefed trade unions on the progress of the Power 8 job-cutting programme during a European works council. He said Airbus had already axed 1,806 jobs as part of its restructuring plan

Louis Gallois said yesterday that Airbus was on track on the cost-cutting targets set by the Power 8

Louis Gallois said yesterday that Airbus was on track on the cost-cutting targets set by the Power 8 restructuring plan. In terms of job cuts, he told reporters the company had achieved 60% of its

Latecoere might have been too small to buy Airbus sites in France.

Latecoere might have been too small to buy Airbus sites in France. The true reasons behind Latecoere’s failure to acquire the two Airbus sites in Saint-Nazaire and Meaulte are being revealed,

The Power 8 plan has refuelled “nationalisms” at EADS.

The Power 8 plan has refuelled “nationalisms” at EADS. According to La Tribune, Airbus had cut 1,715 jobs to the end of March, out of the 4,419 planned by Power 8. In Germany, 331 jobs were axed

EADS drastically cut its supply network.

EADS drastically cut its supply network. L’Usine Nouvelle reports that Paris-headquartered engineering group Assystem does not figure among the 28 firstrank suppliers of engineering services

Airbus “needs to go global” as shareholder governments call for preserving jobs and technology in Europe.

Thomas Enders said Airbus “needs to go global” as shareholder governments call for preserving jobs and technology in Europe. Following a meeting with the four Airbus partner countries in Berlin