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AIRBUS: NEW COMPANY TO BE SET UP IN FEBRUARY

FRANKFURT, EADS and BAe Systems today announced to set up the new integrated company at the end of February. An EADS spokesman said BAe Systems PLC will continue to hold a 20% stake in Airbus, with EADS holding the remaining 80%, but Airbus will be fully consolidated on the EADS balance sheet. Moreover, EADS will also be the lead manager in Airbus' industrial operations, the spokesm...

AVIONEWS - World Aeronautical Press Agency - 6352
Rome, Italy, 01/08/2001 15:30
AVIONEWS - World Aeronautical Press Agency

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