"The recently announced delay on the A380 production and
delivery program has been a major disappointment for our customers,
our shareholders and our employees. As president and chief
executive of Airbus, I must take responsibility for this setback
and feel the right course of action is to offer my resignation to
our shareholders."
Source: Gustav Humbert, in a statement on his
resignation as chief executive of Airbus. Humbert and EADS
co-chairman Noel Forgeard both resigned from the beleaguered
European consortium Sunday, in the wake of growing scandals
surrounding the announced delay in the A380 superjumbo program.
FMI: www.eads.com, www.airbus.com