Despite the significant impact of successive delays made the program of the new jumbo Airbus A350, the chairman of its parent, Louis Welsh, said in the columns of the Financial Times that his group will not appeal markets.
The boss of aerospace group EADS has nevertheless conceded that such delays "have an impact on cash Airbus, which suggests the London daily that the group's treasury could melt rapidly due to lower deliveries of had expected next year, raising questions about the long-term funding of new programs.
"We have over 8 billion euros in net cash. When you're in that situation, you do not request funding for your shareholders, "said Louis Welsh. The cost of developing the A350 is generally estimated at over 10 billion euros.Louis Welsh also ensures that the financial difficulties of Dubai, one of the largest customer of Airbus, will have no impact on the European group.
EADS shares evolved to equilibrium at around 11.00 to 12.37 euros, or -0.08% over the closing price last Friday at the Paris Bourse.
