Reporting its 2012 earnings on Wednesday, Airbus parent company European Aeronautic Defense & Space (EADS) said that its net profit last year witnessed a 19 percent increase year-on-year, thanks largely to sales of commercial jets and helicopters.

Germany is planning to buy the French shares of European Aeronautic Defence & Space Co. (EADS), reported Handelsbat.

Government of Germany has given the authority to buy the shares to a domestic state bank named KfW Bankengruppe, said the reports. The bank is planning to buy a few shares from Daimler which is willing to sell those and owns 22.5% of those.

A number of European aerospace giant EADS sites were being investigated, as part of an investigation looking into bribes. The news was revealed by Thomas Steinkraus-Koch, a public prosecutor in Munich.

To maintain its power at the European aerospace group, Germany has revealed that it is in look out for domestic private investors so that they could buy 7.5% stake of Daimler's (DAIGn. DE) in Airbus maker EADS (EAD. PA).

Sources close to the matter told that the government would need one or two domestic investors and that could be in a private or public sector. EADS is a major employer in Germany and it is very important for the government to retain its share in the company.