BAE Systems Pushing to Sell Airbus Stake
- Share via
Britain’s BAE Systems said it was advising its shareholders to vote in favor of selling the company’s 20% stake in Airbus to the parent of the joint venture company, confirming a long-awaited move.
BAE would sell its stake to European Aeronautic Defense & Space Co., which owns the remaining 80% of Airbus, the chief rival of U.S.-based Boeing Co.
EADS is seeking to tighten managerial oversight of Airbus in response to a crisis of investor confidence this year over the way the companies handled news of further delays to the A380 super-jumbo program.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
