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EADS refocuses

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EADS refocuses

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European aerospace group EADS is looking at changing its name to just Airbus as part of a reorganisation of some of its businesses.

The strategy shake-up reflects a greater emphasis on the commercial airliner side of the business.

That follows a set-back to its defence ambitions after an attempted merge with Britain’s BAE Systems was blocked last year.

At the same time the planemaker said it is raising its order target for this year to over 1,000 aircraft.

The previous goal was for more than 800.

In the first six months of this year, Airbus reported 722 orders – before cancellations – which means it is trailing US rival Boeing which reported 859 gross orders between January 1 and mid-July.