France and Germany have agreed to reorganise the management of the European aerospace and defence giant EADS – owner of European air plane maker Airbus - following years of internal strife that has crippled the company.
"It is a great day for the Franco-German axis," said French president Nicolas Sarkozy after talks with German chancellor Angela Merkel in the south-west city of Toulouse.
"This company will be getting an efficient management structure, a balanced, fair management s...
Back our independent journalism by becoming a supporting member
Already a member? Login here