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AirTanker Adds VT Group as Full Partner
The AirTanker consortium negotiating an airborne tanker deal using Airbus
A330s with the British defense ministry has added support services
provider VT Group as a shareholder. VT Group is taking a 10% stake
in the venture. EADS is the largest stakeholder at 40%, followed by
Rolls-Royce and Cobham with 20% each. The latter two gave up 5% each
to make room for VT Group. Thales holds the remaining 10%. Protracted
negotiations are slated to last until at least the fall. AirTanker
representatives won't predict when a contract will be inked. The in-service
date of 2009 so far hasn't slid; Air Tanker officials contend it potentially
could be accelerated.
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