Seattle Times:
Qatar may purchase 10% stake in EADS
Qatar's $40 billion investment fund may buy as much as 10 percent of European Aeronautic Defence & Space (EADS), the fund's chief executive said.
The state-owned Qatar Investment Authority has had talks with EADS, parent of Boeing rival Airbus, because the company is "under pressure" and its shares may be undervalued after falling nearly 20 percent the last year, Sheikh Hamad bin Jasim bin Jaber al-Thani said Saturday.
Airbus has said it will post its first-ever loss for 2006 after a two-year delay in deliveries of its superjumbo A380 led to cost overruns and penalties to customers.
EADS has said it may sell stock to help fund development of its newest plane, the A350.
State-owned Qatar Airways is among the customers for the A380, with four on order. The airline has pledged to buy 60 A350s but has held back from turning its commitment into a firm order.
Qatar may purchase 10% stake in EADS
Qatar's $40 billion investment fund may buy as much as 10 percent of European Aeronautic Defence & Space (EADS), the fund's chief executive said.
The state-owned Qatar Investment Authority has had talks with EADS, parent of Boeing rival Airbus, because the company is "under pressure" and its shares may be undervalued after falling nearly 20 percent the last year, Sheikh Hamad bin Jasim bin Jaber al-Thani said Saturday.
Airbus has said it will post its first-ever loss for 2006 after a two-year delay in deliveries of its superjumbo A380 led to cost overruns and penalties to customers.
EADS has said it may sell stock to help fund development of its newest plane, the A350.
State-owned Qatar Airways is among the customers for the A380, with four on order. The airline has pledged to buy 60 A350s but has held back from turning its commitment into a firm order.
