Airbus in deep financial shit merde

Airbus chief Christian Streiff has found the level of financial ordure somwhat deeper than he anticipated when taking on the job recently and is planning Euro 2Bn cuts (£1.4 Bn) . Major cutbacks are expected in the UK and closure of the Hamburg 380 production line and the move of more production to China.

This could also imperil the sale of BAE 's 20% share, details of which still need to be agreed and finalised.

Suddeutsche Zeitung reports Chancellor Angela Merkel held a crisis meeting with her top ministers over the weekend.Thomas Mirow, the German finance secretary, has suggested ina form of creeping nationalisation that the state take up the Daimler EADS stock.

The French Government through Caisse des Depots has bought stock from the media group Lagardere to increase their share from 15% to 17.5 %.

The UK Unions will meet management in Toulouse later this week - the UK Gubment will make some noises but do nothing.

Would't it be a jolly surprise if the jolly Chinese offered to buy in ?

There is an excellent article , especially about German interests in EADS / Daimler in Der SPIEGEL