EADS confirmed Sunday that Vneshtorgbank, a state-owned Russian bank, acquired a 5.02% stake in the aerospace giant. The holding in the Airbus parent company is valued at more than $1.1 billion. The bank acknowledged yesterday that it purchased the EADS stake, first reported late last month (ATWOnline, Aug. 30), but declined to say why. Some analysts speculated the move signaled a desire by Moscow to get more involved in Airbus aircraft programs. Others said Vneshtorgbank, which has talked ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.