Mon, Dec 17, 2007
Partnership With Spirit AeroSystems Reported In German
News
A German newspaper
reported Sunday that European planemaker Airbus plans to sell four
of its European factories to US group Spirit AeroSystems Holdings
this week.
Citing the online edition of the Frankfurter Allgemeine
Sonntagszeitung, Reuters reports Airbus chief Tom Enders said he
believed it was possible the company could decide by next Friday to
sell three plants in Germany and one in Britain to Spirit.
The Airbus factories in question were at Varel, Nordenham and
Augsburg in Germany and Filton in Britain, The German paper
attributes its contacts only as "industry sector sources."
Enders is said to have favored Spirit because of its expertise in carbon fiber
technology, an important factor in the construction of
future models of jets. He reportedly did not want to sell the
German plant in Laupheim as part of the deal with Spirit, as the
components produced there do not involve carbon fiber.
Airbus is struggling to recover from costly delays to its A380
superjumbo jet, and the downturn of the US dollar to the Euro as reported previously by
ANN. The resulting economic strife prompted
parent-company EADS to push a strict restructuring program dubbed
Power8, calling for the sale or partnering of several Airbus
factories and the loss of 10,000 jobs.
Now a major supplier to both Airbus and its American rival,
Spirit acquired the wing-making unit of former EADS-partner BAE
Systems in 2006, to gain supply agreements with Toulouse,
France-based Airbus.
More News
From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]
Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]
Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]
Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]
"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]