Hi everyone, this might be interesting to all of us since it could change the worlds aviation industry:
"BAe Said in Merger Talks With Boeing
LONDON (Reuters) - Britain's BAe Systems and Seattle-based Boeing Co are holding talks
which could bring about a 29 billion-pound ($46 billion) merger, a UK Sunday newspaper reported.
The Sunday Telegraph, citing industry analysts, said the two aerospace companies were
negotiating quietly ahead of the U.S. elections.
BAe and Boeing already have close ties in building jet trainers and the Harrier jump-jet in its``AV8B'' program for the U.S. marines.
A BAe spokesman told Reuters on Saturday: ``This really is pure speculation. Yes, we have very close working relationship.''
The newspaper said any potential merger could run into
trouble over its operations in civil aviation. BAe is also a
shareholder in one of Boeing's main competitors, the four-nation consortium Airbus Industrie.
An analyst told the newspaper: ``If Boeing and BAe were to
merge you would need to deal with the anti-trust issues on the
Last month, BAe was reported to have won $1.9 billion in civil and military orders from Boeing."
Would Bae step out of its Airbus participation or would they rather seperate their civil and military operations?