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| Europe |
| Airbus Parent Company Considers Selling Factories |
| 2006-10-13 |
| EFL [EADS Co-Chairman] Bischoff, told the International Herald Tribune newspaper that EADS would be open to selling factories but only if the buyers could operate them, as sub contractors, more cheaply than Airbus. Commenting on the crisis and uncertainty wracking Airbus and its parent company the European Aeronautics Defense and Space Company, he said in an interview: "If it's only changing hands for the sake of ownership, it's not worthwhile." Commenting on criticism, notably from financial analysts, that the problems at Airbus arise largely from political interference to defend the national interests of partners and industrial jobs, Bischoff commented that two big private shareholders, the German auto group DaimlerChrysler and Lagardere Group of France, did not necessarily accept such pressures. He said: "There is no reason to assume that DaimlerChrysler or Lagardere Group want to make sacrifices on the altar of national feelings." |
| Posted by:mrp |
| #2 Heh,™ #1. |
| Posted by: Barbara Skolaut 2006-10-13 23:30 |
| #1 Before anybody opens fire on Airbus, in all fairness, take a look at what Boeing did with their Wichita plant; sold it to Spirit Avaition, but the facility still builds the same Boeing pieces they did before the sale. And part of the sale was that the union was tossed out. Big pay cuts also. |
| Posted by: USN,Ret 2006-10-13 23:20 |