Of all the legacies of 1980s French industrial policy, few are more peculiar than the fact that Airbus owns a short half of the maker of Falcon business jets and Rafale fighters – Dassault Aviation. But now, the three parties to that arrangement, including the French government, have begun to pick it apart. As a blend of politics and business, the affair is, not surprisingly, opaque – so while the implications are far from clear, it is fair to imagine that French aero-industrialists have their sensors finely attuned to the matter.
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