BAE Sells off its interest in Airbus.

bits44 · Post by **bits44** » 06 Apr 2006, 21:39

http://news.bbc.co.uk/2/hi/business/4885426.stm

Ovostar · Post by **Ovostar** » 06 Apr 2006, 22:05

Why ?

So it means that Airbus is no longer english ?

Andries · Post by **Andries** » 06 Apr 2006, 22:29

Ovostar wrote:So it means that Airbus is no longer english ?

Airbus isn't English, not is it French, Spanish, Portugese, German ...

Airbus is EUROPEAN !

Greetz,

Andries

burner737 · Post by **burner737** » 06 Apr 2006, 23:11

And I'm Santa ...

We all know that the french people think a'bus is theirs ...

jal · Post by **jal** » 07 Apr 2006, 00:38

Andries wrote:
Ovostar wrote:So it means that Airbus is no longer english ?
Airbus isn't English, not is it French, Spanish, Portugese, German ...

Airbus is EUROPEAN !

Greetz,

Andries

I agree fully with Andries but .....

Why is the A380 on its trip to Bahrain/Dubai, and maybe other destinations,
only escorted by french military planes(patrouille de france), and none
of the other German, Brtisch, Spanisch,etc... partners

all part of EADS

boeing797 · Post by **boeing797** » 07 Apr 2006, 04:11

Airbus is British, not French as we all knew. The name Airbus comes from English "air bus". If it was called Bus Air then AirBus would be French.

20 years from now it will be called "zhou xih";in Chinese it means AirBus

Post by **sn26567** » 07 Apr 2006, 09:28

The sale of the British interests in Airbus might raise a big problem. BAe are building the wings for most Airbus models. I hope this will not fall in the hands of a competitor!

It is likely that EADS (a truly international consortium that already owns 80% of Airbus) will acquire BAe's 20% to become the sole owner.

tolipanebas · Post by **tolipanebas** » 07 Apr 2006, 10:46

In fact BAe Does NOT build anything for Airbus, all manufacutring sites in the UK belong to Airbus UK, already a 100% subsidiary of Airbus SAS. If BAe sells off its stake in Airbus SAS, nothing changes for the Airbus UK branch.

Post by **ElcoB** » 07 Apr 2006, 11:52

Despite BAE's assurance that the UK Airbus workforce will not be affected by a sale, unions said they were still concerned.

"We want to find out if production will remain in the UK or whether it will be shifted to countries where the new buyers are based," said Ian Waddle, national officer of the Amicus union.

(BBC)
and:

BAE's move towards concentrating on its defence operations was reflected by last year's acquisition of US firm United Defense for £2.1bn.

(BBC)
I'm sure Airbus will continue to succeed, but Britain is to become more and more isolated with the US "globalise or we'll get you" approach, whilst mainland Europe at least keeps in communicado with the rest of the world.

British Aerospace and their French counterpart built Concorde. How things have changed since those heady days of the 1970s.

OO-TUC · Post by **OO-TUC** » 07 Apr 2006, 13:52

http://www.beurs.nl/nieuws/artikel.php? ... 46&taal=NL (dutch).

BAE is selling his stake in Airbus to EADS. But Daimler and Lagardere are selling part of their stakes in EADS! Is something going wrong with Airbus or EADS? Or is their one party who wants more control over airbus & EADS through buying stock?

Knight255 · Post by **Knight255** » 07 Apr 2006, 18:08

but Britain is to become more and more isolated with the US "globalise or we'll get you" approach, whilst mainland Europe at least keeps in communicado with the rest of the world.

I don't think such political statements belong in an aviation forum. :shakehead:

Eurapart · Post by **Eurapart** » 07 Apr 2006, 22:26

Does anyone know if it is possible for BAe to float off Airbus UK as a share flotation in the UK? I for one would be interested in buying shares. It would also stand more chance of remaining British, unless EADS or Boeing makes a takeover bid.

RC20 · Post by **RC20** » 07 Apr 2006, 22:41

(BBC)
I'm sure Airbus will continue to succeed,
.

The A340 is likely gone in 2008, the A330 no longer is competitive, its replacement has been dissed severely by three major buyers (ILFC, GE and Singapore,), the 787 is selling 3 or 4 to one (firm orders) to the A350 (not to mention apparently no one else would say the same thing because they are using to keep 787 prices down).

That’s not success,, it’s a corporate failure of incredible proportions.

Airbus is in huge trouble, and they no longer will be able to hold their hand out to the European governments under the WTO rules.

They have fallen out of being one of the two major manufacturers to third tier status (even if they start now, its 10-15 years before they offer anything competitive), and they still have to keep the Boeing wolf away from the A320 door.

RC20 · Post by **RC20** » 07 Apr 2006, 22:44

Knight255 wrote:
but Britain is to become more and more isolated with the US "globalise or we'll get you" approach, whilst mainland Europe at least keeps in communicado with the rest of the world.
I don't think such political statements belong in an aviation forum. :shakehead:

I think its relevant as to where Britain, the US and Europe fit into the picture.

I would say that if BA goes with Boeing that’s to Britain’s benefit, as Boeing works on a competitive model, not a in country jobs model.

tokalosh · Post by **tokalosh** » 08 Apr 2006, 13:31

If ever there was a time for Bae to get out of Airbus it is now, the backlog of orders means that they get a good price, but they must be nervous of the future when they look at 787 sales and 747-8 prospects.
Also there is a rumour that Thales is to be bought out by EADS which makes EADS more French than ever with Bae having very litle say in the future of Airbus. Potentially a good deal for Bae and the skills at the UK factories means that jobs are safe for the immediate future.
Does this free up Bae for stronger ties with Boeing is the big question?

beaucaire · Post by **beaucaire** » 08 Apr 2006, 14:48

I am not french although living in France -bashing the french for their "national pride" in relation to Airbus is stupid !
To build a new factory-hall for the A380 plant in Toulouse was done like a piece of cake -in Germany it took ten years of ridicoulous struggle to lenghten the runway in Finkenwerder and nearly ended by cancelling the whole A380 project in Hamburg due to envirenmental issues.
Germany is unfortunately running head down against the wall in many matters -fortunately for EADS the main manufacturing center is in Toulouse and not in Hamburg!
France has many shortcommings and politicians are-as in most counties- rotten and close to their own deep pockets. But I am glad Airbus has it's heart in France and not in the UK,Germany or Spain - the public support for Airbus is second to none here and people identify themselves with the produce of Toulouse.
The strongest defender the germans ever had for Airbus is dead - it was Franz Josef Strauss, the former PM of Bavaria ( not by co-incidence a passionate jet-pilot himself..)

CX · Post by CX » 08 Apr 2006, 15:18

Let the Chinese by into Airbus?? They might fill up A360 A370 A390 within 5 years.

Post by **ElcoB** » 08 Apr 2006, 15:39

CX wrote:Let the Chinese by into Airbus?? They might fill up A360 A370 A390 within 5 years.

There is already cooperation with China: see their website :http://www.airbuschina.com.cn/

And there are further plans :

..........Airbus expects to decide whether to build a final assembly plant in China during the July-to-September quarter, according to one of European Aeronautic Defence and Space Co.'s chief executives................. the China plant would build single aisle, 320-series Airbus planes at a rate of four per month, beginning in 2009. EADS would want to stay in control of the facility, while also drawing in Chinese investment. ..........

From http://www.beurs.nl/nieuws/artikel.php? ... 29&taal=NL

bits44 · Post by **bits44** » 09 Apr 2006, 16:44

Some of the reasons BAE is selling off their interest in EADS:

http://www.thisismoney.co.uk/news/artic ... _page_id=2

Aviation24.be

BAE Sells off its interest in Airbus.

BAE Sells off its interest in Airbus.

Airbus is British, not French

BAe

Re: BAe