AIRBUS - 2019 Registration Document

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Risk Factors	7
1. Financial Market Risks	8
2. Business-Related Risks	12
4. Environmental, Health and Safety Risks	21
1. Information on the Company’s Activities	23
1.1 Presentation of the Company	24
1.1.1 Overview	24
1.1.2 Airbus (Commercial Aircraft)	28
1.1.3 Helicopters	36
1.1.4 Defence and Space	39
1.1.5 Investments	45
1.1.6 Insurance	46
1.1.7 Legal and Arbitration Proceedings	46
1.1.8 Non-Financial Information	48
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	71
2.1 Operating and Financial Review	72
2.1.1 Overview	73
2.1.2 Significant Accounting Considerations, Policies and Estimates	76
2.1.3 Performance Measures	77
2.1.4 Results of Operations	82
2.1.5 Changes in Total Equity (Including Non-Controlling Interests)	87
2.1.6 Liquidity and Capital Resources	88
2.1.7 Hedging Activities	91
2.2 Financial Statements	92
2.3 Statutory Auditor Fees	92
2.4 Information Regarding the Statutory Auditor	93
3. General Description of the Company and its Share Capital	95
3.1 General Description of the Company	96
3.1.1 Commercial and Corporate Names, Seat and Registered Office	96
3.1.2 Legal Form	96
3.1.3 Governing Laws and Disclosures	96
3.1.4 Date of Incorporation and Duration of the Company	97
3.1.5 Objects of the Company	98
3.1.6 Commercial and Companies Registry	98
3.1.7 Inspection of Corporate Documents	98
3.1.8 Financial Year	98
3.1.9 Allocation and Distribution of Income	98
3.1.10 General Meetings	99
3.1.11 Disclosure of Holdings	100
3.1.12 Mandatory Disposal	101
3.1.13 Mandatory Offers	102
3.2 General Description of the Share Capital	103
3.2.1 Issued Share Capital	103
3.2.2 Authorised Share Capital	103
3.2.3 Modification of Share Capital or Rights Attached to the Shares	103
3.2.4 Securities Granting Access to the Company’s Share Capital	104
3.2.5 Changes in the Issued Share Capital	105
3.3 Shareholdings and Voting Rights	106
3.3.1 Shareholding Structure at the End of 2018	106
3.3.2 Relationships with Principal Shareholders	107
3.3.3 Form of Shares	109
3.3.4 Changes in the Shareholding of the Company	110
3.3.5 Persons Exercising Control over the Company	110
3.3.6 Simplified Group Structure Chart	110
3.3.7 Purchase by the Company of its Own Shares	112
3.4 Dividends	114
3.4.1 Dividends and Cash Distributions Paid	114
3.4.2 Dividend Policy of the Company	114
3.4.3 Unclaimed Dividends	114
3.4.4 Taxation	114
4. Corporate Governance	117
4.1 Management and Control	118
4.1.1 Corporate Governance Arrangements	118
4.1.2 Dutch Corporate Governance Code, “Comply or Explain”	137
4.1.3 Enterprise Risk Management System	138
4.1.4 Internal Audit	139
4.2 Interests of Directors and Principal Executive Officers	140
4.2.1 Remuneration Policy	140
4.2.2 Long-Term Incentives Granted to the Chief Executive Officer	152
4.2.3 Related Party Transactions	153
4.3 Employee Profit Sharing and Incentive Plans	153
4.3.1 Employee Profit Sharing and Incentive Agreements	153
4.3.2 Employee Share Ownership Plans	153
4.3.3 Long-Term Incentive Plans	155
5. General Information	161
5.1 Entity Responsible for the Registration Document	162
5.2 Statement of the Entity Responsible for the Registration Document	162
5.3 Information Policy	162
5.4 Undertakings of the Company regarding Information	163
5.5 Significant Changes	163
5.6 Statement on Approval	163

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