The British Have Had Enough: BAE Dumps Airbus Stake

Discussion in 'Europe' started by onedomino, Oct 4, 2006.

  1. onedomino
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    onedomino SCE to AUX

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    BAE has decided to dump EDAS, the socialist parent of Airbus. The A380 is suffering from massive delays and the A350 (intended to compete with the Boeing 787) is a technological failure with no significant business from commercial airlines. Companies that do not have to compete to survive and depend on infusions of taxpayer cash, like Airbus, are extremely poor risks in the equity market. The British have had enough.

     
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  2. glockmail
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    glockmail BANNED

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    Score another one for the capitalists!
     
  3. musicman
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    musicman Senior Member

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    For a brief, depressing moment, I feared the article was descending into head-up-the-ass pseudo-moralism:

    "Oh, no", I thought, "here it comes".Then I read...

    ...and began to hold out a sliver of hope. But, when I saw...

    ...I laughed aloud with relief. I find it oddly reassuring when people operate in the real world!
     
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