Return to the status quo ante at Airbus. The aeronautics, defense and space giant is changing its governance to return to that which prevailed until April 2019. The group announced on Tuesday the appointment of Christian Scherer, its current commercial and international director, as head of the commercial aircraft division. He will take office on 1 January 2024 at the head of this powerful division. It is the heart of the group's reactor. In 2022, it accounted for 70% of Airbus' revenue, with €41.4 billion in sales, and 82% of its operating profit.
The challenge of producing more
The decision to combine all powers in one hand was taken in March 2018 by the Airbus Group Board of Directors. Since his arrival as executive chairman of the giant in April 2019, Guillaume Faury has combined all the powers: strategic management and business of aircraft, merged in 2017 with the parent company.
This accumulation of powers was necessary, according to the group...
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