My right hon. Friend the Secretary of State for Trade and Industry announced at the press conference following the Airbus ministerial meeting at the Farnborough Airshow on 17 July 2006 that
"...EADS, in principle, have agreed: 1—that the original undertakings regarding UK industrial workshare given by EADS to the UK when Airbus was formed in 2000, will survive any shareholding sale;..."
On 12 October, the co-CEOs of EADS confirmed to us that they would respect these undertakings.
The Government are working hard to safeguard British interests and will remain in close contact with EADS and Airbus as they work through the implications of ensuring that Airbus remains competitive.