Bae Gets Ready for Airbus Departure

Daily MailApril 11, 2006

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Summary


TONY Blair was unequivocal. The new A380 aircraft, a giant double- decker, 555-seater airliner, was amazing and simply stunning'.

Yet just 15 months after the Prime Minister toasted this partly British manufacturing success story at a champagne ceremony in Toulouse, Britain is getting ready to sell out of civil aerospace altogether.

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Extract


Bae Gets Ready for Airbus Departure

Airbus, maker of the A380 the world's biggest passenger plane is heading into Spanish, French and German hands.

Defence giant BAE Systems is preparing to offload its 20pc stake to the European Aeronautic Defence and Space Company (EADS), which owns the remaining 80pc....

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