Airbus In A Spin Over Insider Trading

Just when Airbus looked to be finally flying high with a new management structure and a new order from British Airways, dark clouds began to gather Wednesday with the opening stages of a major insider trading investigation.

France's stock market regulator is investigating top executives at Airbus, its parent company European Aeronautic Defense And Space, and major EADS shareholders DaimlerChrysler and defense conglomerate Lagardere over alleged insider trading that occurred between late 2005 and mid-2006.

Details of the regulator's preliminary findings were printed in French daily Le Figaro, which is owned by aerospace company Dassault, while rival Lagardere-owned newspaper Le Monde chose to concentrate on trade union reaction to the investigation.

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- Posted: 2007-10-04 10:21:57

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