Reuters exclusively reported that the head of Europe’s Airbus has told staff that recent unexpected charges in its Space business are “not acceptable”, in a candid assessment of a business facing what he described as an internal crisis.
Business & Finance
Airbus CEO tells staff Space losses ‘not acceptable’
14 February 2024, 11:54 am 1 minute
Market Impact
In November, Airbus took a 300-million-euro ($320 million) charge on unidentified satellite programmes, said by industry sources to include the commercial telecoms OneSat family.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Aerospace & DefenceBusiness & Finance
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
