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Bye bye, BAEADS. If Tom Enders, chief executive of EADS NV, buys BAE Systems PLC one day, at least it will not create another clunky acronym. EADS’s decision to rename itself Airbus – announced on Wednesday alongside first-half figures – gives a great company a proper name at last. It also bows to reality. Airbus accounts for 70 per cent of EADS’s revenue and earnings. EADS might look a bit one-legged compared with Boeing, but it is a very shapely leg.