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Airbus CEO Denies Insider Trading Allegations

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Airbus Chief Executive Thomas Enders denied insider trading of shares of parent company EADS over the European planemaker's problems with the A380 superjumbo.

In a letter sent late Thursday to Airbus employees, Enders said when he exercised stock options in November 2005, "there was no reason to believe it would be improper." The Associated Press obtained a copy of the letter Friday.

For more than a year, the French Financial Markets Authority, or AMF, has been investigating share sales between November 2005 and March 2006 by 21 top managers of European Aeronautic Defence & Space Co.

Read the whole story at AP Via IHT