Airbus SAS Chief Operating Officer John Leahy and Erik Pillet, the former human resources director at the European Aeronautic Defence and Space Co. unit, were charged by a Paris investigating judge with insider trading.
The trustee liquidating Bernard L. Madoff ’s investment firm filed more than $50 billion in so- called clawback suits to compensate victims of the con man’s fraud since his arrest two years ago for masterminding the biggest Ponzi scheme in U.S. history.
Airplane-leasing billionaire Steven Udvar-Hazy hates to wait. When the chairman and chief executive officer of Air Lease Corp. is ready to take off in his Gulfstream IV jet from Los Angeles’s Van Nuys Airport one August morning, he drives straight up to the plane in his black Volks- wagen Jetta, bounds up the stairway, throws off his suit jacket and hops into the pilot seat.
Tom Enders slipped on his tan leather aviator jacket and shades and settled in the pilot seat of a white helicopter, before commanding the chopper through the skies of northern Germany on its 20-minute flight to Hamburg.
Daimler AG , which owns a 15 percent stake in European Aeronautic, Defence & Space Co ., will be questioned as soon as tomorrow by Paris judges leading a nearly five-year-old probe into insider trading at EADS, according to a person familiar with the case.
Airbus chief salesman John Leahy is among seven current and former executives of European Aeronautic, Defence & Space Co. who face trial on charges of insider trading in shares of Europe’s biggest aerospace company.
Lagardere SCA was charged by judges investigating allegations of insider trading in Airbus parent European Aeronautic Defence and Space Co. shares ahead of news that the planemaker’s A380 program was experiencing delays.