Airbus: C. Jeffrey Knittel to Head Airbus Americas From 2018

By Robert WallFeaturesDow Jones Newswires

European plane maker Airbus SE (AIR.FR) said C. Jeffrey Knittel will become the new boss of its U.S.-based operations starting next year.

Mr. Knittel, an aerospace industry veteran with roles that included running CIT Group Inc.'s (CIT) plane-leasing business before its $10.4 billion sale this year to Bohai Capital Holding Co. Ltd., will join Airbus on Jan. 12, 2018, the Toulouse, France-based company said.

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Current CEO Barry Eccleston will retire Feb. 28, 2018, Airbus said, while Chairman Allan McArtor will become chairman emeritus.

The European plane maker--No. 2 to Boeing Co. (BA) based on plane deliveries--has large operations in the U.S., including a plane-production facility in Mobile, Alabama, where some A320 single-aisle planes are manufactured.

Airbus last month said that some CSeries planes could also be made there, after it acquired a controlling stake in the plane program from Canada's Bombardier Inc. (BBD.A.T).

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(END) Dow Jones Newswires

November 07, 2017 09:31 ET (14:31 GMT)