aerospace

Germany is giving up its share of the top job at aerospace firm EADS in exchange for the top job at Airbus.

The French joint chief executive Louis Gallois will take sole charge at EADS while his German co-head Tom Enders gets the top job at Airbus.

The details were agreed ahead of a meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel at Airbus in Toulouse.

EADS' complex structure has been blamed for many of its recent problems.

"We need to be a normal company," Mr Enders said.