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Airbus 'threatened' by dollar's decline
If there is a worst-case scenario for a company in these days of a really weak dollar, that would be Airbus' scenario. The European plane maker sells its jets in dollars, so their making less money these days. But their expenses are not lowering a bit -- they are in euros. So bad is the situation that yesterday, Airbus' chief executive said that the dollar rapid decline is life-threatening for the company.
Posted on November 23, 2007 5:06 AM PT | Permalink
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