Mon, Dec 17, 2007
Partnership With Spirit AeroSystems Reported In German
A German newspaper
reported Sunday that European planemaker Airbus plans to sell four
of its European factories to US group Spirit AeroSystems Holdings
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,
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