EADS yesterday won a much- needed vote of confidence after Dubai's ruling family took a 3.12 per cent stake in the Franco- German aerospace group that owns Airbus.
The investment marks the Emirates Group's determination to become a leading operator in the global aerospace industry. But it is also a strong signal that powerful investors believe the operational and management turmoil that has rocked EADS is on the way to being resolved, even if core Franco-German shareholders have still to agree how to streamline its unwieldy dual management structure.