The EADS Board of Directors has unanimously approved the Power8 plan for the transformation of Airbus.The plan still needs to be discussed with the Airbus’ European Works Council on 28 February 2007 and then with the other relevant employee representation bodies.
Following this presentation of the Power8 plan to the employee representations, EADS and Airbus will communicate on its details. The Board of Directors fully supports the EADS and Airbus management in realizing the plan.
Power8 shall enable Airbus to better face the challenge of the US Dollar weakness, the financial burden related to the A380 delays as well as its future investment needs. The plan will lead to EBIT contributions of € 2.1 billion in 2010 and additional € 5 billion of cumulative cash flow from 2007 to 2010.