BAE Systems sells stake in Airbus
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BAE Systems sells stake in Airbus
The BBC website is reporting that BAE Systems is to sell its stake in Airbus.
Story is here: http://news.bbc.co.uk/1/hi/business/4885426.stm
That's got to be a bad move surely?
Story is here: http://news.bbc.co.uk/1/hi/business/4885426.stm
That's got to be a bad move surely?
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not if the oft-rumoured Boeing merger has actual truth in it this time - Airbus would probably take over the BAE Airbus facilities I suppose.
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Originally Posted by dannydick
That's got to be a bad move surely?
Thw Wombat
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Not at all. It is only business and the proceeds will give BAE much needed cash to allow them to buy into the US aero defense sector
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Don't shoot the messenger!
Talking to a friend who is currently working in Toulouse and he says the A380 programme is in danger of falling into very deep merde due to cost over-runs, performance shortfall, (ZFW I believe), and delivery date slippage. If this programme were to fail, (they are not yet half way to break even), AirBus will be in financial trouble.
Could it be that BAe are getting out whilst their paper is still worth something? I'm just the messenger asking a question, no axe to grind.
Could it be that BAe are getting out whilst their paper is still worth something? I'm just the messenger asking a question, no axe to grind.
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So why did they stop making the 146, aka Avro RJX. Boeing didn't stop production of the 737, Airbus didn't stop production of the A320 and Embraer, Bombardier etc. seem to be doing very well with their regional jets.
BAe, run by bureaucrats for bureaucrats, diddly squat to do with aviation and b*gger all knowledge of the industry either!
Hey, let's jump on one of our corporate HS125's and go for a jolly somewhere, hey, Kazakastan looks inviting, but sssssshhhhh, keep it quiet!
BAe, run by bureaucrats for bureaucrats, diddly squat to do with aviation and b*gger all knowledge of the industry either!
Hey, let's jump on one of our corporate HS125's and go for a jolly somewhere, hey, Kazakastan looks inviting, but sssssshhhhh, keep it quiet!
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I wonder if in the end Airbus find it easier to raise money without the BAE "half in half out" shareholding... now if only they could get shot of the political superstructure it would be easier still!
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Phileas Fogg
It hasnt been called BAe for years, just shows your level of commercial awareness.
Weather Jinx
A BAE Systems shareholder, I back the judgement of the board to make the right commercial and worry more about the impact on my pension fund than about the impact on the UK civil aviation sector.
Why do you have a government and a Department of Trade and Industry?
Don't blame business for making a profit for the shareholders, that's what they are there to do and that's what keeps the shareholders happy.
It hasnt been called BAe for years, just shows your level of commercial awareness.
Weather Jinx
A BAE Systems shareholder, I back the judgement of the board to make the right commercial and worry more about the impact on my pension fund than about the impact on the UK civil aviation sector.
Why do you have a government and a Department of Trade and Industry?
Don't blame business for making a profit for the shareholders, that's what they are there to do and that's what keeps the shareholders happy.
Last edited by Final 3 Greens; 7th Apr 2006 at 05:51.
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Originally Posted by Final 3 Greens
A BAE Systems shareholder, I back the judgement of the board to make the right commercial and worry more about the impact on my pension fund than about the impact on the UK civil aviation sector.
It is a disappointment because Airbus/EADS is very much a political creation with French (in particular) and German political influence. And this political influence is all about getting advantage for their own electorate. Pan-European ideals be buggered.
So doubtless there are parts of EADS in France and Germany who are this morning planning for the wing design and assembly to move over to plants under their direct control.
You just have to look at the history of comparable UK industrial organisations sold to French multi-nationals. GEC who built railway locomotives and carriages in the UK at various large plants were merged with Alsthom in France. This lasted just a few years before all the work in UK plants had finally been moved to France. Other examples too. None the other way.
So doubtless there are parts of EADS in France and Germany who are this morning planning for the wing design and assembly to move over to plants under their direct control.
You just have to look at the history of comparable UK industrial organisations sold to French multi-nationals. GEC who built railway locomotives and carriages in the UK at various large plants were merged with Alsthom in France. This lasted just a few years before all the work in UK plants had finally been moved to France. Other examples too. None the other way.
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Originally Posted by Phileas Fogg
So why did they stop making the 146, aka Avro RJX. Boeing didn't stop production of the 737, Airbus didn't stop production of the A320 and Embraer, Bombardier etc. seem to be doing very well with their regional jets.
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Final 3 Greens,
Having worked for BAE Systems I am fully aware of it's full name however BAe is a recognised abbreviation, I don't notice people referring to airlines by their full name and commonly refer to them by their first name rather than in full.
Being picky or what, get a life!
Having worked for BAE Systems I am fully aware of it's full name however BAe is a recognised abbreviation, I don't notice people referring to airlines by their full name and commonly refer to them by their first name rather than in full.
Being picky or what, get a life!
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Lets face it. A business is in business to make money. I know us British have a hard time dealing with that fact and seem to put poeple down who make money. If you want the sociological model, then all the labour party members can put their hand in their pocket and buy it to keep the jobs.
Besides there ain't much money to be made it civil aircraft, especially when you strip out all the government aid. Hell if there was, everyone would be doing it.
Besides there ain't much money to be made it civil aircraft, especially when you strip out all the government aid. Hell if there was, everyone would be doing it.
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Second thoughts.
What is this leading up to. They must know the backlash this would receive.
Does this mean a deal with a US partner is waiting in the wings.
Lockhead Martin UK Ltd, Warton, the place for Europe to buy it's JSF.
What is this leading up to. They must know the backlash this would receive.
Does this mean a deal with a US partner is waiting in the wings.
Lockhead Martin UK Ltd, Warton, the place for Europe to buy it's JSF.