Noel Forgeard and Gustav Humbert resign!

I am 🙁 , that Gustav Humbert has to go, but he had to pay the political price. EADS and Airbus is becoming more and more french!!!

Heads of EADS, Airbus resign over delays to A380 superjumbo
PARIS (AFP) – The heads of the European aerospace group EADS and its Airbus subsidiary have resigned over delays to deliveries of the A380 superjumbo that has wiped billions of euros (dollars) off EADS’s share price.

The two companies issued terse statements announcing EADS’s French co-chief executive Noel Forgeard and Airbus’s German head Gustav Humbert were stepping down.

Forgeard was to be replaced by Louis Gallois, the boss of France’s state-owned SNCF rail company, while Humbert was to be succeeded by Christian Streiff, a former top executive for the French glass manufacturer Saint Gobain.

Forgeard in particular has been under intense pressure to quit since it was revealed he sold EADS shares worth millions of euros (dollars) just before the group on June 13 announced delays in deliveries of its Airbus A380 superjumbo.

The news of the delays wiped 5.5 billion euros (6.5 billion dollars) off EADS’s shares and pushed Airbus into the wake of US rival Boeing.

Last week, when he was questioned by a French parliamentary finance committee, Forgeard had ruled out resigning, saying: “I am competent and honest. It is out of the question.”

Sources: Yahoo.com – Heads of EADS, Airbus resign over delays to A380 superjumbo
http://www.flightglobal.com/Articles/2006/07/02/Navigation/177/207561/Forgeard+and+Humbert+resign+at+crisis-hit+EADS+and+Airbus.html