Airbus Group: Looking for natural hedges
Faced with increased hedging costs, Europe’s Airbus Group is trying to remove the currency mismatch that is its biggest source of exposure. This means convincing customers to pay for planes in euros, rather than US dollars. Joe Rennison reports
Big trucks travel at night to reduce disruption, but if you were up late, and happened to be in mid-Wales, you might see a vast airplane wing, fixed at an angle, cutting through the countryside on its way to the River Dee at Broughton. From there it travels by barge to the Dee Estuary, where it is loaded onto a larger-capacity vessel already laden with a chunk of fuselage from Hamburg. Then it's on to the French port of Pauillac, near Bordeaux, to join other parts manufactured in Spain and
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