AIRBUS DOES A U TURN AND ADMITS THAT IT NEEDS TO HEDGE FURTHER AGAINST THE DOLLAR, WHILE DELTA INVESTS IN AEROMEXICO

“What has sovereign debt got to do with Airbus?” – That is what a source at Airbus told us in reply to a question on the future problems of currency fluctuation and funding back in April 2011. Of course at the time we knew that was a very silly answer, now it seems the slow off the mark guys at Airbus/EADS have seen the light and realized that having a cost base in Euro and a revenue base in US dollars could well be a problem for their post massive US dollar hedge existence, as now they are in talks