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“In the end, all business operations can be reduced to three words: people,
product, and profits.” Lee Iacocca
KEY VOCABULARY
advertise
assemble
budget
commercialize
construct
contract
cooperate
coordinate
correspond
deliver
design
develop
disinvest
distribute
diversify
employ
expand
export
import
innovate
invent
manufacture
market
merge
negotiate
organize
package
patent
plan
promote
purchase
research
sell
outsource
supply
test
train
upgrade
venture
streamline
re-engineer
e-commerce
(EADS.COM)
Today, Airbus ranks as one of the world’s two leading aircraft manufacturers. The
company employs 57,000 people and produces a comprehensive range of
commercial aircraft renowned for their efficiency, innovation, economy and
safety. In recent years, Airbus has regularly delivered more aircraft than its
rival and has consistently booked at least half of all new orders. It has also
captured the imagination of the world with the A380 - the biggest airliner ever
built.
Airbus has successfully evolved into a major industrial force and Airbus is now
a global company. The four national entities which had previously formed the
Airbus consortium transferred their Airbus-related assets to the new company
and became shareholders in Airbus -- Airbus France, Airbus Deutschland and
Airbus Espana merging as the European Aeronautic Defence and Space
Company (EADS) with 80% shares and BAE Systems with 20%. In 2006,
following the sales of BAE Systems' shares, Airbus became an EADS
company.
Around the world Airbus operates five spare parts centres, 160 field sites,
three fully-fledged training centers in Toulouse, Miami and Beijing and one
A320 maintenance training center in Hamburg. Airbus has negotiated an
agreement with CAE to provide Airbus-approved training courses in many
more sites around the world.
Airbus has established a global network of more than 1,500 suppliers in over
30 countries, and the company fosters ties with industry in all the countries
where it is represented.
COMPANY ORGANIZATIONAL STRUCTURE