EADS To Buy Out BAE Systems Stake In Airbus? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.14.24

 Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

Fri, Mar 10, 2006

EADS To Buy Out BAE Systems Stake In Airbus?

Rumors are swirling around the European business community that EADS is in the process of drawing up plans to buy BAE System's 20 percent stake in Airbus, making the planemaker the solely-owned property of the European aerospace and defense group.

Such a sale would have significant ramifications throughout the aerospace industry. Analysts believe BAE is amicable to the buyout, as it would give the British aerospace manufacturer needed capital to pursue its interests in several as-yet-unnamed US companies.

The Guardian reports execs from both EADS and BAE have met informally to discuss the buyout, and that bankers are being consulted on the deal.

Currently, BAE's stake in Airbus is estimated to be worth about 3.5 billion Euros (approximately $4.17 billion US.) EADS reportedly has upwards of 5.5 billion eur available in cash to buy out BAE.

In addition to Airbus, EADS also has a controlling stake in such aerospace companies as Eurocopter, Arianespace, and Socata.

FMI: www.eads.net, www.airbus.com, www.baesystems.com

Advertisement

More News

Classic Aero-TV: Remembering Bob Hoover

From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]

ANN FAQ: Follow Us On Instagram!

Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]

ANN's Daily Aero-Linx (05.15.24)

Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]

ANN's Daily Aero-Term (05.15.24):Altimeter Setting

Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]

Aero-News: Quote of the Day (05.16.24)

"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.17.24: Hummingbird 'Best', Cavorite Flies, Starliner Update

Airborne Affordable Flyers 05.16.24: PRA Runway, Wag-Aero Sold, Young Eagles

Airborne 05.15.24: Ghost Sq MidAir, B-2 Junked, Dream Chaser Readies

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC