"We have to react. We must find additional savings of
roughly one billion euros by 2010 or 2011 ... Nothing is
Source: Louis Gallois, CEO of EADS. On
Thursday, the European consortium posted a $1.14 billion loss for
the third quarter of 2007... a situation partly due to delays to
the Airbus A400M military transport program. Gallois said the bulk
of the company's problems can be tied to the falling US dollar,
however, in relation to the euro.