11.  What matters, he says, is where the potential shareholders are.

12.  Officials said that the privatisation commission had completed its work on a valuation of the company and an assessment of expressions of interest from potential shareholders.

13.  Potential shareholders could include European rivals British Aerospace or Daimler-Benz Aerospace of Germany.

14.  The government is due to invite tenders for the privatisation directly with significant potential shareholders from the middle of November for a period of three months.