Re: "Airbus has decided to take a major transformative step"
The physical location of the data doesn't matter, if the company that is storing the data is a US company they could use the Patriot Act to obtain that data, even if its stored in Europe. I don't think this has been tested legally, but companies don't want to take the risk
https://www.cbsnews.com/news/patriot-act-can-obtain-data-in-europe-researchers-say/
This is why Microsoft created a datacenter in Germany that is run by a separate Non-US company
https://www.theverge.com/2015/11/11/9711378/microsoft-german-data-centers-surveillance