EADS facing collapse?

Ex-EADS boss Gustave Humbert has been under formal investigation for several days in France following allegations of insider trading. And the European aerospace company is forced to cut costs wherever it can. French business weekly Les Echos hopes that things will soon improve for EADS: "The situation at EADS is critical. Since the continuous delays with the [wide-bodied] A380 began, not a single day has passed without bad news from Toulouse or Hamburg. Everyone is making sombre predictions about the future of the aircraft constructor and Franco-German cooperation. All this only serves to worsen the climate. ... EADS and Airbus face the challenge of bringing the A400M to completion so it can make its maiden flight, and solving the construction problems with the A380 once and for all. Success in these two projects would restore confidence in the workshops at Toulouse and Hamburg. Ensuring that Europe's know-how in the field of aircraft construction stays in Europe is what is at stake here."

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