Bloomberg News

EADS May Seek Banking License to Protect Financing for Customers

June 01, 2012

European Aeronautic, Defence & Space Co., the parent of planemaker Airbus SAS, may seek to gain a banking license to broaden its options to ensure financing for airlines and suppliers, its former chief financial officer said.

Such a license is among several options being studied at the company, Hans Peter Ring was cited as saying in an interview with Financial Times Deutschland. Martin Aguera, a spokesman for EADS, confirmed the comments.

A license would also hand EADS direct access to European Central Bank money supply, at a time when some traditional banks are struggling with rating cuts, which Ring said is his prime concern.

Ring retired as CFO yesterday as part of a broader management reshuffle. No decision has been made on a banking license, according to Ring’s comments.

EADS still expects to continue working with European banks to help airline customers win financing, Ring said. EADS often has a better ranking that the banks that take its money, he said.

To contact the reporters on this story: Andrea Rothman in Paris at aerothman@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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