Hisham From Lebanon, joined Aug 1999, 701 posts, RR: 11 Posted (14 years 10 months 2 weeks 2 days 3 hours ago) and read 1243 times:
Aerospatiale-Matra and DASA merged becoming the third largest aeronautical company in the world. They called it the European Aeronautic, Defense and Space Company (EADS). EADS now owns 80% of Airbus, BAe has the remaining 20%. This is a huge move towards Airbus becoming a unified company.