Airbus CEO Thomas Enders stated there should be institutional protection for EADS from hostile takeovers, but he does not believe that the company needs the German state to be a shareholder to ensure such protection (Reuters, 13-Jun-2011). He also stated there does not need to be balance between state shareholders. German manufacturer Daimler is in talks for reducing its 15% share in EADS. The company also manages the 7.5% stake held by a consortium of banks. Earlier this year, German and French authorities confirmed they were in negotiations regarding EADS’ ownership structure. One option is the possibility of a “golden share” giving both countries veto rights over strategic issues. However, EADS is registered in the Netherlands, placing it under Dutch corporate law, which has no provision for golden shares.
Airbus: EADS should have strategic protection but does not need Germany as shareholder
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This report presents high level data on the numbers of airport pairs between each Western European country and the US and how these number have changed. EU-US liberalisation in 2008 has stimulated growth in the number of direct connections, although the global economic downturn impeded this for a while. However, the additional routes have not been spread evenly across Western European countries.
Since 2010, additional route numbers from Western Europe to the US have been greatest from the largest markets – the UK and the US – and from the smaller countries, particularly Ireland, Iceland and Norway. Countries in between, including France, Italy, Spain and the Netherlands, have hardly added any new US routes at all.
Iran CAPA Aviation Summit – hope turns to frustration, but optimism remains as growth abounds
When CAPA – Centre for Aviation held its first conference in Iran at the end of Jan-2016 the atmosphere was primarily one of optimism. Immediately preceding the conference the expectation was that Iran and the West would move to rapidly reverse decades of estrangement. The first round of sanctions against Iran had come down – in line with the historic 2015 Joint Comprehensive Plan of Action (JCPOA) nuclear agreement reached between Iran and the ‘5+1’ powers – and major airlines and aircraft manufacturers were coming to the table.
While it was acknowledged that progress on major deals was not going to happen overnight, the hope was that as layers of sanctions came down, Iran would be embraced by the rest of the world. In return, Iran was expected to open itself up progressively to foreign trade and investment, and to travel.
The road ahead was perceived to be one that was both a very different, and far easier, one than the one Iran had already travelled. Aviation in particular was a sector that was expected to shine and lead the way for a new era for the country.