Alert 5 Military News

Sunday, November 26, 2006

EADS board split puts new Airbus jet on hold

The proposed EADS meeting last Friday to approve plans for the A350 XWB was postponed after major shareholders disagree on how to fund the project.

Lagardere and DaimlerChrysler opposed a proposal by France which would see the French state take a larger stake in EADS.

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