Top executives and core shareholders of EADS were aware as early as June 2005 that profits in the group’s core Airbus subsidiary faced a “probable decline over the medium to long-term” according to a report by the French stock market regulator, which is alleging massive insider dealing at the Franco-German group.

In a report published by Mediapart, a French news web site, France’s Autorité des Marchés Financiers lays out the results of its two year investigation into controversial share sales in the months ahead of a surprise profit warning that knocked a quarter off the stock’s value in June 2006.