EADS POSTS FIRST QUARTER NET LOSS

Airbus parent EADS has reported a €12 million ($17.1 million) first-quarter net loss, a sharp turnaround from the €103 million net profit it posted in the same period last year. However, the company was bullish on the future performance of Airbus and stated that the positive momentum seen in the aviation industry has required the European manufacturer to increase production of its single-aisle aircraft to 40 per month by Q1 2012. In the first three months of 2011, the order taken amounted to € 6.3 billion, and EADS’ order book of more than €422 billion, the company says, provides a