Boeing withdraws Tanker appeal

Boeings objection to tanker deal withdrawn.

Reported by ji Row, Washington

In a shock move Boeing has withdrawn its appeal for the USAF Air to air refueling deal citing commercial reasons.

In a meeting today the board of Boeing has been made aware of the recent purchase of shares in which EADS (a European aircraft company) now has a controlling stake in the Boeing aircraft company

EADS had taken advantage of the US Dollars plunging international value and cheap European loans to invest in US companies over the last few months.

A spokesman from EADS is quoted as saying “it made more economic sense to buy the controlling stake in Boeing rather than compete against it in the international market”, EADS intends to continue to manufacture jets in The US with some minor changes.

Boeing Chief executives were unavailable for comment, but industry insiders are saying Boeing’s management didn’t even see this coming, “it just crept up on them” said one stock market analyist.

Senators are already calling for a ban on foreign ownership of companies involved with national security.

EADS have released a press notice stating their commitment to US manufacture, with some changes to manufacturing in the metric system, work hours, and holidays being brought in line with European standards, there will also be a 25% reduction in staffing, not in numbers just in weight.

cheers