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Airbus

European aircraft manufacturer

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Aerial view of the Airbus plant Lagardère. In the background the Aéroconstellation area with the Aeroscopia museum and the association Ailes Anciennes Toulouse.
Duch · CC BY-SA 4.0

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Airbus originated from Airbus Industrie GIE, a consortium of European aerospace companies established in 1970 to produce a wide-body aircraft to compete with American-built airliners. In 2000, the consortium's parent firms—Aérospatiale-Matra of France, DASA of Germany, and CASA of Spain—merged to form the European Aeronautic Defence and Space Company (EADS), which later acquired full ownership of Airbus Industrie. EADS rebranded as Airbus SE in 2015. Reflecting its multinational origins, the company operates offices and assembly plants in France, Germany, Spain, and the United Kingdom, along with more recent additions in Canada, Malaysia, the United States, Morocco, and India.

Airbus's headquarters are legally registered in Leiden, Netherlands, while day-to-day management is conducted from the company's main office in Blagnac, France. The SE in its name denotes Societas Europaea, a public company under European Union corporate law. Airbus is led by CEO Guillaume Faury and is included in the EURO STOXX 50 stock market index. Since its inception in 2000, the company's shares have been listed on the Paris, Frankfurt, and four Spanish stock exchanges, including the Bolsa de Madrid.

History

Airbus is the product of several historical forces: the desire of European governments to create an aerospace and defence manufacturer large enough to compete with major American firms; the consolidation of the sector following the dissolution of the Soviet Union and the ensuing "peace dividend", which raised concerns that companies could be acquired by non-European firms; and efforts to privatise state-owned companies.

The company traces its origins to the formation of the Airbus Industrie GIE, a consortium of European aerospace companies established in 1970 to produce a wide-body aircraft to compete with American-built airliners. France's state-owned Aérospatiale owned 37.9% of Airbus Industrie, West Germany's Deutsche Airbus also owned 37.9%, British Aerospace held 20%, and Spain's largely state-owned CASA owned 4.2%.

In 2000, the European Aeronautic Defence and Space Company (EADS) was established through the merger of Aérospatiale and Matra of France, DASA (the successor to Deutsche Airbus) of Germany, and CASA. EADS held 100% of Eurocopter S.A., established in 1992 and later renamed Airbus Helicopters, along with 80% of Airbus Industrie GIE, which was quickly reorganised as Airbus S.A.S., a simplified joint-stock company. In 2006, EADS acquired the remaining 20% of Airbus S.A.S. from BAE Systems (the successor of British Aerospace). EADS was renamed Airbus Group N.V. in 2014 and Airbus Group S.E. in 2015.

Airbus S.A.S. and Airbus Group S.E. were merged in January 2017, and in April 2017 the combined entity adopted the name Airbus SE. Since then, Airbus SE has owned the commercial aircraft manufacturing operations while also serving as the parent company of the other two divisions, Airbus Defence and Space and Airbus Helicopters.

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