BRUSSELS, Nov 19 (Reuters) - The chief executive of

Airbus said on Tuesday that Europe's space industry needs to

restructure and consolidate in the face of private U.S.

competition and investments in China and elsewhere.

"We are fragmented in a world where some giants have

emerged, especially in the U.S. but not only; they are also

growing in China," Guillaume Faury told a press conference of

the European aerospace lobby ASD Europe, of which he is

president.