BAE as an investor? Given their apparent total aversion to anything that involves commercial risk rather than guaranteed government cost+ business, I'm not sure they'll be much help to RE. They milked their civil aircraft portfolio as far as they could on minimal investment and then closed them down, flogged their share in Airbus etc. The only way BAE will help get Sabre in the air is if its attached to yet another minimal makeover of the 748/ATP or 146/RJ . . .