EADS Says Underestimated Boeing

The co-head of European aerospace firm EADS admitted its Airbus unit had underestimated Boeing and said its priority was to fix problems at Airbus, which is trailing its US competitor in aircraft sales.

Airbus's mid-sized A350 model, which is being redesigned to compete with Boeing's bigger-selling 787, had to be a superior aircraft, Tom Enders told a briefing restricted to Stuttgart-based journalists late on Tuesday. His comments were embargoed for publication on Wednesday.

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