PPRuNe Forums - View Single Post - BAE agrees to £1.8bn Airbus sale
View Single Post
Old 6th Sep 2006, 18:51
  #1 (permalink)  
fly_high
 
Join Date: Aug 2006
Location: Scotland
Posts: 26
Likes: 0
Received 0 Likes on 0 Posts
BAE agrees to £1.8bn Airbus sale

From this BBC article.

"UK-based defence firm BAE Systems has agreed to sell its 20% stake in plane maker Airbus to EADS for 2.75bn euros (£1.87bn; $3.53bn).

BAE estimates that the sale will generate about £1.2bn, allowing it to return about £500m to shareholders."

Does this mark the end for UK involvement in the global aircraft marketplace?
fly_high is offline