n1786b
Posts: 384
Joined: Tue Sep 27, 2005 6:10 am

German States To Buy Shares In Eads

Mon Jan 15, 2007 4:44 am

Fair use extract:


German states of Lower Saxony, Bremen, Hamburg to take stakes in EADS - report

FRANKFURT (AFX) - The German states of Lower Saxony, Bremen and Hamburg are planning to take stakes in EADS to maintain the European aerospace giant's delicate Franco-German balance of power, the dpa news agency reported.

The agency cited Lower Saxony's chief minister Christian Wulff as saying that his state will "contribute actively" to keeping EADS's Franco-German power structure intact.

It also quoted a spokesman for the Senate of Bremen as saying: "It's clear, Bremen will take part in a solution just like Lower Saxony and Hamburg".

Hamburg has already announced it would invest in EADS, dpa said.

A report in yesterday's Hannoversche Allgemeine Zeitung daily said Lower Saxony will invest 80 mln eur in EADS for a three- or four-year period.

http://www.iii.co.uk/shares/?type=ne...s&articleid=5931036&action=article

- n1786b
 
BoomBoom
Posts: 2459
Joined: Fri Nov 04, 2005 2:26 am

RE: German States To Buy Shares In Eads

Mon Jan 15, 2007 5:33 am

I wonder how this will impact Power8 which Gallois is set to announce at the end of February.

Quote:
...his first move, expected to be announced by the end of February, will be to shift manufacture of all large aircraft to its Toulouse headquarters, with smaller 'narrow body' jet production being consolidated at Hamburg, Germany.

'There is an argument raging between the company and the German government about this,' said one source.

The state government of Hamburg has supported the A380, and is one of a number of German states which want to invest in Airbus, buying a 7.5 per cent stake in the company being sold by current shareholder Daimler Chrysler.

However, insiders indicate that making the change will eliminate duplication of both narrow and wide-body production facilities at the two plants and generate significant one-off savings.

http://observer.guardian.co.uk/busin....html

It doesn't seem like such a bad deal if Germany got all the A320 family (forget the China plant) and Toulouse got all the wide body production.

Couldn't this be further balanced by putting more design jobs in Germany (after they upgrade their CAD software), and as soon as planes are able to fly, sending them back to Hamburg for interior finishing?

[Edited 2007-01-14 21:34:57]
Our eyes are open, our eyes are open--wide, wide, wide...

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos