Dec 13 2006
Aeroflot is considering the purchase of ten A330s from Airbus
Aeroflot is making a smart move here in my opinion. They have recently purchase 5% of EADS (which stands for European Aeronautic Defense and Space Company) which happens to be the company that owns, among others, Airbus. They make a lot of stuff, but most interestingly, Galileo which is the non-military (sort of) version of the GPS network. Why? Well, because if the US sees fit, they can turn GPS access to parts of the world off. See where we are getting at?
If they buy ten Boeing aircraft they only make Boeing stock go higher and their stockholders happier. Now if they buy Airbus aircraft they make EADS stock go higher, pay less in civilian aircraft, save on maintenance and fuel, help fund an “independent” GPS network and partially pay for that 5% purchase, which in the long run will have been free. Don’t these Russians know how to get more bang for their buck?
Source: AFX News via Sharewatch
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