Simviation Forum - BAE and Airbus

Apr 7^th, 2006 at 3:09am

ozzy72 Offline
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Aerospace giant BAE Systems has announced plans to sell its stake in the Airbus project, leading to union fears about the future of thousands of jobs.
The company confirmed in a short statement that it had entered into discussions with its Franco-German Airbus partner EADS over the sale of its 20% stake.
Discussions were said to be at an early stage but the announcement confirmed months of rumours and led to fresh calls from union leaders for urgent talks.
Around 13,000 workers are employed by BAE Systems building wings for the Airbus, mainly at Broughton in north Wales and Filton, Bristol.
The decision to sell the stake in Airbus is believed to have been taken at a board meeting earlier this week, but was only formally confirmed on Friday morning.
The company said in a brief statement: "BAE Systems announces that it has entered into discussions with EADS regarding the sale of its 20% shareholding in Airbus. Discussions are at an early stage and a further announcement will be made if and when appropriate."
Airbus was making no comment at its headquarters in Toulouse, France.
Union leaders called for urgent talks with the company to discuss any impact on jobs of the announcement. As well as the 13,000 workers directly involved, tens of thousands of other employees work for companies which supply BAE Systems.
Ian Waddle, national officer of the Amicus union, said: "Obviously we have concerns, particularly because of uncertainty about any impact on jobs. We want to find out if production will remain in the UK or whether it will be shifted to countries where the new buyers are based."
Unions said there had been rumours for months that BAE would sell its stake in Airbus when the price was right. There has been speculation that BAE will receive up to £3 billion by selling its 20% stake in the commercial jet project.

There are two types of aeroplane, Spitfires and everything else that wishes it was a Spitfire!

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Reply #1 - Apr 7^th, 2006 at 7:37am

C Offline
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I note your use of the term "Aerospace giant" Mark. Unfortunately I think this was one of the key reasons behind the company's rebranding to BAE SYSTEMS from British Aerospace. They are such a big player in the global defence systems industry now that they probably want to disassociate themselves from their civil aerospace concerns (and the name was just the start!) - hence the end of the RJ family of airliners too...

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Reply #2 - Apr 7^th, 2006 at 8:17am

Woodlouse2002 Offline
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I think Charlies got it. Do a search for BAE Systems "Talisman". Not the sort of product you'd expect from an aircraft company. Tongue

Woodlouse2002 PITA and BAR!!!!!!!!&&&&Our Sovereign Lord the King chargeth and commandeth all persons, being assembled, immediately to disperse themselves, and peaceably to depart to their habitations, or to their lawful business, upon the pains contained in the Act made in the first year of King George the First for preventing tumults and riotous assemblies. God Save the King.&&&&Viva la revolution!

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Reply #3 - Apr 7^th, 2006 at 9:05am

ozzy72 Offline
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Hey I didn't write it, just copied it from a website of interest....

There are two types of aeroplane, Spitfires and everything else that wishes it was a Spitfire!

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Reply #4 - Apr 7^th, 2006 at 10:12am

C Offline
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Quote:

Hey I didn't write it, just copied it from a website of interest....

Plagurism*! Grin

*prob sp.

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Reply #5 - Apr 7^th, 2006 at 10:23am

ozzy72 Offline
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Plagiarism Roll Eyes

There are two types of aeroplane, Spitfires and everything else that wishes it was a Spitfire!

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Reply #6 - Apr 7^th, 2006 at 2:30pm

Ashar Ex Member
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Plagiarism Roll Eyes

English teachers...hmmpfh Roll Eyes

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Reply #7 - Apr 7^th, 2006 at 2:37pm

C Offline
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Quote:

Plagiarism Roll Eyes

I told you it was a probable spelling mistake! Grin

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Reply #8 - Apr 7^th, 2006 at 2:39pm

Hagar Offline
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Plagurism*! Grin

*prob sp.

Ahem....! http://dictionary.reference.com/search?q=Plagurism

I'm surprised at you of all people. Roll Eyes

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Reply #9 - Apr 7^th, 2006 at 2:50pm

C Offline
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Ahem....! http://dictionary.reference.com/search?q=Plagurism

I'm surprised at you of all people. Roll Eyes

I would have checked but I was having a quick two (ten) minutes at home on my way from somwhere to somewhere else, and had to be at that somewhere else about 5 minutes before! Grin

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Reply #10 - Apr 9^th, 2006 at 1:58pm

Alphajet_Enthusiast Offline
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Very good article about the BAE-Airbus sale...
http://www.iht.com/articles/2006/04/07/business/airbus.php

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