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Germany to become direct EADS shareholder....


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#1    keithisco

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Posted 05 December 2012 - 06:57 PM

Germany and France, at State level have agreed a compact whereby both Nations will hold a 12% stake in the company. Spain holds a 4% stake.

This means that EADS will become a true commercial enterprise within the aerospace sector, and National Veto is removed. This came about as a result of the failed merger with BAE Systems (UK), as the German Govt wanted to keep the business within central Europe (BAE Systems failed in the hoped for merger talks because of uncertainty in the UK's future role within Europe - well done Euro sceptics, 12000+ highly paid, UK jobs now at stake!!)

Link to article (All rights reserved by DW):

http://www.dw.de/ger...lder/a-16430553

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#2    Professor Buzzkill

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Posted 05 December 2012 - 07:13 PM

View Postkeithisco, on 05 December 2012 - 06:57 PM, said:

Germany and France, at State level have agreed a compact whereby both Nations will hold a 12% stake in the company. Spain holds a 4% stake.

This means that EADS will become a true commercial enterprise within the aerospace sector, and National Veto is removed. This came about as a result of the failed merger with BAE Systems (UK), as the German Govt wanted to keep the business within central Europe (BAE Systems failed in the hoped for merger talks because of uncertainty in the UK's future role within Europe - well done Euro sceptics, 12000+ highly paid, UK jobs now at stake!!)

Link to article (All rights reserved by DW):

http://www.dw.de/ger...lder/a-16430553

Well, I gues there is always fishing and Morriss Men to fill the gap :w00t:


How much is 4% of EADS? Just wondering how/why a country with massive unemployment and fiscal deficit can afford a programme like this?


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    Cinicus Magnus

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Posted 05 December 2012 - 07:36 PM

View PostProfessor Buzzkill, on 05 December 2012 - 07:13 PM, said:

How much is 4% of EADS? Just wondering how/why a country with massive unemployment and fiscal deficit can afford a programme like this?

They can afford much less risk the loss of 20,000 jobs in the aerospace industry.

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#4    and then

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Posted 05 December 2012 - 07:40 PM

Stability for EADS is welcome news for my hometown of Mobile, Alabama.  They recently announced a new Airbus assembly plant here to the tune of about 1000 new jobs.  Hiring to begin soon.

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Posted 05 December 2012 - 07:44 PM

View Postand then, on 05 December 2012 - 07:40 PM, said:

Stability for EADS is welcome news for my hometown of Mobile, Alabama.  They recently announced a new Airbus assembly plant here to the tune of about 1000 new jobs.  Hiring to begin soon.

That plant will only happen if they, instead of Boeing, get the next government contract when offering the better conditions (see the new tanker fleet where the contracts were twisted until Boeing got them anyway at a higher price and with a worse product). So don't hold your breath. Because the only reason they would open a plant in the US is to take another slice of the market from Boeing.

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#6    and then

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Posted 06 December 2012 - 05:04 AM

View Postquestionmark, on 05 December 2012 - 07:44 PM, said:

That plant will only happen if they, instead of Boeing, get the next government contract when offering the better conditions (see the new tanker fleet where the contracts were twisted until Boeing got them anyway at a higher price and with a worse product). So don't hold your breath. Because the only reason they would open a plant in the US is to take another slice of the market from Boeing.
These civilian aircraft are for world markets - or so EADS says...  so no need to worry about US government input per se.

  Imagination is the power in the turn of a phrase.

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Posted 06 December 2012 - 10:05 AM

View Postand then, on 06 December 2012 - 05:04 AM, said:

These civilian aircraft are for world markets - or so EADS says...  so no need to worry about US government input per se.

And the A400M military transporter (naturally it would be made in Europe and just assembled in the US), and A330 MRTTT (which is but a converted civilian A330) and the CN series. They don't need a factory in the US for civilian crafts, except as a door opener.

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