December 20, 2014 6:34 AM ET

Aerospace and Defense

Company Overview of Airbus S.A.S.

Company Overview

Airbus S.A.S., along with its subsidiaries, manufactures aircraft. It offers commercial aircraft, double-deck aircraft, passenger aircraft, corporate jets, freighter aircraft, and military aircraft. Airbus S.A.S. was formerly known as Airbus Industrie GIE. The company was founded in 1970 and is based in Toulouse, France. It has subsidiaries in the United States, China, Japan, India, and the Middle East; spare parts centers in Hamburg, Frankfurt, Washington, Beijing, and Singapore; training centers in Toulouse, Miami, Hamburg, and Beijing; and field service offices around the world. Airbus S.A.S. operates as a subsidiary of Airbus Group N.V.

1, Rond Point Maurice Bellonte

Blagnac

Cedex

Toulouse,  31707

France

Founded in 1970

Phone:

33 5 61 93 33 33

Fax:

33 5 61 93 44 51

Key Executives for Airbus S.A.S.

Chief Executive Officer and President
Age: 53
Chief Financial Officer and Member of Executive Committee
Age: 48
Chief Operating Officer
Age: 54
Chairman of European Aeronautic Defence & Space Company and Co-Chief Executive Officer of European Aeronautic Defence & Space Company
Age: 70
Co-Chief Executive of Eads
Age: 56
Compensation as of Fiscal Year 2014.

Airbus S.A.S. Key Developments

Hawaiian Holdings Signs Definitive Purchase Agreement with Airbus

Hawaiian Holdings announced that it signed a definitive purchase agreement with Airbus, finalizing the Memorandum of Understanding announced earlier this year to acquire six new A330-800neo aircraft starting in 2019. The agreement replaces Hawaiian's previous order for six A350-800s. The transaction includes rights to purchase an additional six aircraft as part of the carrier's path to growth and increased efficiency.

Airbus Group and Airbus Announces Management Changes

The board of directors of Airbus Group has approved the following top management appointments as proposed by Airbus Group's Chief Executive Officer (CEO) Tom Enders and Airbus's CEO Fabrice Bregier, effective as of 1 January 2015: Tom Williams, presently Executive Vice President Programmes at Airbus, will succeed Gunter Butschek as Airbus Chief Operating Officer (COO) and will become a member of the Group Executive Committee of Airbus Group. Butschek has decided to leave the Group at the end of 2014 in order to pursue other career opportunities. Didier Evrard, currently Head of the A350 XWB programme, will succeed Williams and in this new function will become a member of the Executive Committee of Airbus. He remains A350 XWB programme director until his successor is appointed. Klaus Richter, Chief Procurement Officer of Airbus and Airbus Group, has been promoted to become a member of the Group Executive Committee of Airbus Group. In addition, he will become the national representative for Airbus in Germany.

AirAsia X Places Order for 55 A330neo to Airbus

AirAsia X has placed an order with Airbus for 55 A330neo aircraft. This is the single order to date for the best-selling A330 Family and reaffirms AirAsia X's position as the biggest A330 airline customer worldwide, having now ordered a total of 91 aircraft. The announcement covers the firming up of a Memorandum of Understanding (MOU) for 50 A330neo signed during the Farnborough Air Show in July 2014, plus an additional five aircraft. Deliveries of the newly-ordered aircraft will begin in 2018. Building on the proven economics, versatility and reliability of the A330ceo, the A330neo will incorporate new generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. These advances will make the aircraft the most cost-efficient in its size category, with a reduction in fuel consumption of 14% per seat, an increase in non-stop flying range of up to 400 nautical miles and the lowest possible maintenance costs.

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