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BAE bails on Airbus
Article linked, it's nice to know some Brits have their head on straight. Via Lucianne and EU Referendum had it yesterday. Items below from EU Referendum:...Shares of Airbus parent EADS have, in the last few days, tumbled on reports of serious technical problems with the A380, and new that core investors are jumping ship, having decided to slash their holdings in the Franco-German aerospace giant. These are France's media group Lagardère and Germany's DaimlerChrysler, and each are to divest themselves of 7.5 percent of EADS shares.... And: ...It seems that the Franco-German pair signalled long ago that they would dispose of EADS stock, but this was not until the new A380 super-jumbo had been delivered to its launch customer, Singapore Airlines in December. But what Ambrose adds is that, six weeks ago, an A380 wing failed a stress test, having ruptured at 1.45 times the maximum design load, when the certification requirement is for it to be able to sustain a 1.50 load factor..... Posted by: anonymous2u 2006-04-07 |
| http://www.rantburg.com/poparticle.php?ID=147704 |