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updated 02:37, Thu October 04, 2007

Chronology of Events Charting Problems at Airbus' Parent EADS

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A lengthy probe by French regulators suggests "massive insider trading" took place at Airbus parent EADS, judicial officials say. Here is a timeline charting problems at European Aeronautic Defense & Space Co. NV:

-- January 2004: Airbus officially overtakes Boeing as the world's largest commercial jet maker, announcing it delivered 305 airplanes in 2003 to Boeing's 281.

-- April 27, 2005: On the day of its first test of the A380 superjumbo, Airbus announces a delay. Delivery to first customer Singapore Airlines is put back from March 2006 to the second half of the year.

-- June 7, 2005: EADS board discusses A380 problems and possible delays.

-- June 28, 2005: Noel Forgeard and Thomas Enders are named co-presidents of EADS.

-- Nov. 9-29, 2005: EADS executives sell shares.

-- March 8-24, 2006: EADS executives sell shares for 31-35 euros ($44-50). According to the French stock market regulator, executive committee members Francois Auque and Jean-Paul Gut, Forgeard and three of his children sold shares. According to an AMF statement, Forgeard exercised stock options for a total of 2.5 million euros ($3.54 million) before commission.

-- April 4, 2006: EADS shareholders Lagardere SCA and DaimlerChrysler AG announce the forward sale of 7.5 percent of each of their stakeholding -- meaning the sale would take place in 2007 based on the 2006 share price.

-- June 13, 2006: EADS cuts its profit forecast and announces delays to the A380. EADS shares fall 26 percent.

-- June 16, 2006: AMF announces it has been investigating possible insider trading at EADS. Forgeard defends himself, saying he knew about production difficulties on the A380 in April, a month after he sold shares.

-- July 2, 2006: Forgeard quits as head of EADS.

-- Nov. 20, 2006: Paris prosecutors open an insider trading probe led by judges Philippe Courroye and Xaviere Simeoni.

-- July 16, 2007: Shareholders at Airbus' parent company agree to end the cumbersome dual management structure, naming Louis Gallois as EADS' sole CEO.

-- July 2007: Boeing unveils its hot-selling 787 Dreamliner.

-- Oct. 3, 2007: The preliminary AMF report on around 20 EADS executives finds "massive insider trading" and is sent to Simeoni, judicial officials say.

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