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“Demand for commercial aircraft and civil helicopters remains healthy and our institutional business fared reasonably well despite European budget pressures and an uncertain economic environment. This led to better-than-expected revenues and EBIT* before one-off in the first quarter, which strongly confirms the level of our 2012 performance targets. Moreover, the Airbus team has found a permanent solution to the A380 wing rib feet issues. As we transition to the new leadership team, management will continue to have its sights set on key programmes, particularly A380, A350 and A400M heading towards the in-service phase. We will also continue to seek a satisfactory outcome to discussions on the future of government programmes.”
Louis Gallois, CEO of EADS, presenting the Results of the 1st Quarter 2012 on 16 May 2012
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