Say It Ain't So, Joe: EADS Funding UPDATE

Forbes is reporting today that EADS has contacted between five and seven Persian Gulf investment funds for help in financing the A350WXB. It's also mentioned that EADS will either increase its capital so as to bring in new money, or for the funds to buy a chunk of EADS.

Forbes also suggests that Dubai Capital Investments and/or Qatar Investment Authority, both state run funds, may well buy a chunk of the EADS Airbus unit.

Remember, you heard it here first. My money's been on Dubai since this story broke.