Airbus CEO slams European regulatory costs as it opens new line

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TOULOUSE, France, June 15 (Reuters) – The head of European planemaker Airbus urged France and Europe to tackle high regulatory and other costs weighing on businesses and said the question of competitiveness should be addressed in next year’s French presidential election.

Addressing French politicians including the country’s transport minister at the opening of a new assembly line, CEO Guillaume Faury singled out labour and energy costs and called the cost of European regulatory barriers “absolutely horrible”.

(Reporting by Tim Hepher; Editing by Kirsten Donovan)

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