Russia Jumps into the Aerospace Race

With the nation's own aircraft industry in a sorry state, government-led VneshTorgBank has bought almost 5% of Airbus owner EADS

An opportunistic piece of financial speculation, or the first stage in an ambitious new strategic partnership? That's the big question after news that Russia's VneshTorgBank (VTB) has invested around $1 billion to acquire almost 5% of the European Aeronautic Defence & Space Corporation (EADS), the Franco-German aerospace concern that owns Airbus, the world's largest commercial aircraft producer.

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