Friday, July 19, 2013

EADS eyes name change

The European Aeronautic Defense and Space Co., EADS, is considering changing the company's name to the Airbus Group, Reuters reports. The change would reflect the success of the company's commercial aircraft sales. Airbus, a subsidiary of EADS, accounts for two thirds of EADS revenue and continue to increase as airlines move towards more fuel-efficient models. Airbus broke ground in April on an A320 assembly line at Brookley Aeroplex in Mobile, Ala. The name change possibility is part of a broader move to reorganize some business units. Changes will be discussed by the board of directors at the end of July. (Sources:, Reuters, 07/18/13)