French police question former Airbus chief

5th Jun 2008

Gustav Humbert, the former chief executive of Airbus, has been questioned by French police in connection with the insider trading scandal at Europe’s aircraft manufacturer. Mr Humbert, 58, resigned in 2006 after the announcement of production delays for the A380 aircraft wiped €5.5 billion off the value of Eads, Airbus’ parent. He is due to be questioned over the sale of 160,000 shares for €1.6 million.
The summons comes less than a week after Noel Forgeard, Eads’ former chief executive, was placed under formal investigation in connection with the scandal.



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