{"id":634732,"date":"2024-02-15T10:54:04","date_gmt":"2024-02-15T05:24:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=634732"},"modified":"2024-02-15T12:45:40","modified_gmt":"2024-02-15T07:15:40","slug":"airbus-ceo-tells-staff-space-losses-not-acceptable-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airbus-ceo-tells-staff-space-losses-not-acceptable-2\/","title":{"rendered":"Airbus CEO tells staff Space losses &#8216;not acceptable&#8217;"},"content":{"rendered":"<p>Paris: The head of Europe&#8217;s Airbus has told staff that recent unexpected charges in its Space business are &#8220;not acceptable&#8221;, in a candid assessment of a business facing what he described as an internal crisis, people familiar with the matter said.<\/p>\n<p>In November, Airbus took a 300-million-euro ($320 million)charge on unidentified satellite programmes, said by industry sources to include the commercial telecoms OneSat family.<\/p>\n<p>CEO Guillaume Faury told staff in a January review of 2023 that Defence and Space &#8220;performed strongly in many areas, but faced a major setback in the Space business which tarnished the overall performance&#8221;, according to extracts seen by Reuters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paris: The head of Europe&#8217;s Airbus has told staff that recent unexpected charges in its Space business are &#8220;not acceptable&#8221;, in a candid assessment of a business facing what he described as an internal crisis, people familiar with the matter said. In November, Airbus took a 300-million-euro ($320 million)charge on unidentified satellite programmes, said by industry sources to include the commercial telecoms OneSat family. CEO Guillaume Faury told staff in a January review of 2023 that Defence and Space &#8220;performed strongly in many areas, but faced a major setback in the Space business which tarnished the overall performance&#8221;, according to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-634732","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/634732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=634732"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/634732\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=634732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=634732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=634732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}