EADS Boss First Knew Of Airbus Hitch In April

EADS co-chief executive Noel Forgeard said on Friday he first knew in April of potential production problems on the Airbus A380 but ruled out resigning over the issue which triggered an EADS stock collapse this week.

Under fire over what Airbus parent EADS told investors and his own decision to sell stock in March, shortly before the group veered into what its chairman has called a "major crisis", Forgeard said the scale of problems had not been clear at first.

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