EADS to be renamed Airbus

Suzie Neuwirth

EADS, the parent company of Airbus, today said it plans to rename itself after its commercial aircraft-making subsidiary.

The company will now be called the Airbus Group, to “enhance integration and cohesion…using the globally recognised Airbus brand”.

Implementation of the name change is planned to start on 1 January 2014 and will be completed in the second half of 2014.

The announcement came as EADS unveiled its half-year results, which showed a six per cent increase in revenue to €26.3bn (£22.9bn) and a 21 per cent rise in earnings excluding non-recurring charges to €1.6bn.