Airbus CEO coaxes ECB to go ‘further’

Monday, 23 Dec 2013 | 7:13 AM ET
'I'm impressed with support from ECB': Airbus CEO
Monday, 23 Dec 2013 | 3:20 AM ET
Fabrice Brégier, CEO of Airbus, says the European Central Bank's monetary policy shows it is aware that the European economy must grow.

Airbus CEO Fabrice Bregier hopes the European Central Bank (ECB) will advance its efforts to support the region's economy in 2014, he told CNBC Monday.

"For the last two years I am impressed by the support from the European Central Bank to the European economy. I can only encourage them to go even further," said Fabrice Bregier, the chief executive of EADS's aircraft-making arm.

"I think they take more into account the fact that Europe and the European economy must grow. And so there is no fate where the European Central Bank will not support the European economy, when the Japanese central bank and the Federal Reserve in the U.S. are really supporting growth through monetary measures."

Last month, the ECB cuts its benchmark rate to a new record low of 0.25 percent due to concerns about possible deflation in the 17-nation euro zone. It has also provided cheap loans to struggling — mostly Spanish and Italian — banks via its long-term refinancing operations (LTROs) and offered to buy up the short-term bonds of countries struggling to pay off their debts.

In the U.S. meanwhile, the Federal Reserve announced last week that it would trim its monthly bond purchases by $10 billion to $75 billion from next month.

(Read more: Fed to reduce asset purchasing)

Next year will see the entire company change its name to Airbus, with current EADS chief executive Tom Enders in charge of three divisions – civil aircraft manufacturing, defense and helicopters.

Bregier added that Airbus's main challenges next year would be launching the new A350, a twin-engine jet touted as a rival to Boeing's troubled B787 Dreamliner, plus the transfer of its A400M to the new Airbus Defence and Space Division.

(Read more: Airbus highlights challenge with Dreamliner rival)

"We have not deviated from our objective (regarding the new A350), which is to certify the aircraft next year, and to deliver the first aircraft in the last quarter of 2014 to our large customer, Qatar Airways," he said.

"These are the most complex developments around the world, so we need to be cautious until the delivery of the last aircraft and the ramp up of production."

—By CNBC's Katy Barnato. Follow CNBC on Twitter: @CNBCWorld

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