Airbus threatened by falling dollar
23 Nov 07

Airbus has had to significantly cut its spending on research and development as a result of the falling dollar.

It will not be able to afford planned investments. The problem comes from the fact that its costs are in euros and its sales are in dollars. This week, the dollar reached fresh lows against the euro.

Tom Enders, Airbus' chief executive said that the falling dollar has "passed the pain barrier". "This is life-threatening".