Consortium is a Latin word, meaning 'partnership, association or society' and derives from consors 'partner', itself from con- 'together' and sors 'fate', meaning owner of means or comrade.
An example of a for-profit consortium was Airbus Industrie ("Airbus"). Formed in 1970, Airbus is one of the world's premier manufacturers of civilian airliners. Airbus is now owned by EADS. EADS itself is a merger of Aérospatiale-Matra of France, Daimler-Chrysler Aerospace of Germany, and Construcciones Aeronáuticas of Spain, which were originally separate partners in the consortium, owning 37.9%, 37.9%, and 4.2%, respectively. BAE Systems owned the remaining 20% but sold this in 2006. Airbus' status as a consortium means that profits accrue to the partner companies representative to their interests. Work is allocated on the same basis as profits.
Another example of a for-profit consortium is when a group of banks collaborate to give a loan. This is more commonly known as a syndicated loan. In England it is common for a consortium to buy out financially struggling football clubs in order to keep them out of liquidation.
Can R&D consortia increase the PCB industry's innovation output? Collaborative research provides an economical avenue that fosters process innovation and new product development channels.(INDUSTRY CONSORTIA)
May 01, 2007; Collaborative research offers attractive potential for companies. In theory, it is a way to share and reduce the costs, risks and...