| Abu Dhabi is determined to succeed in aerospace, but not at all costs. Mubadala, the emirate’s $45 billion sovereign wealth fund, set up an aerospace division in 2006. The plan is for it to break even by 2013, but some latitude is possible on this goal, if the group secures the right partnership opportunities to support its plan to spend around $1 billion building another new facility here in the United Arab Emirates.
“Our shareholders have been very specific. We do not have an open checkbook, we have to be very smart because aerospace is one of several investment options for them,” explained Mubadala Aerospace chief executive Homaid Al Shemmari...............................................Full Article: Source
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