Airbus SAS is an aircraft manufacturing subsidiary of EADS, a European aerospace consortium. Based in Toulouse, France and with significant activity across Europe, the company produces around half of the world's jet airliners. Airbus began as a consortium of aerospace manufacturers. Consolidation of European defence and aerospace companies around the turn of the century allowed the establishment of a simplified joint stock company in 2001, owned by EADS (80%) and BAE Systems (20%). After a protracted sale process BAE sold its shareholding to EADS on 13 October 2006. Airbus employs around 57,000 people at sixteen sites in four European Union countries: Germany, France, the United Kingdom, and Spain. Final assembly production is at Toulouse (France) and Hamburg (Germany). Airbus has subsidiaries in the United States, Japan and China. (Full article...)