EADS considers banking debut
Published: July 17, 2012
Airbus parent EADS is looking to acquire its own in-house banking license to safeguard its liquidity during the European financial crisis.
“Our parent company EADS is reviewing whether we should establish our own bank,” new Airbus chief Fabrice Brégier told the German national daily newspaper Die Welt.
An EADS spokesman confirmed the company is “indeed studying the possibility of obtaining a banking license.”
“In the current macro-economic environment, it is our responsibility as a company to explore every option to ensure our own liquidity is safely invested and, in addition, that we have a last resort access to liquidity,” he said.
The spokesman stressed the move “is not a gesture of distrust towards our banks.”