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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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