Airbus strategy head says not interested in buying suppliers

BERLIN Mon May 19, 2014 8:15am EDT

BERLIN (Reuters) - Airbus Group (AIR.PA) is not interested in buying any of its suppliers, its top strategy official said on Monday.

"We don't want to acquire suppliers. We want the value chain to develop," Chief Strategy and Marketing Officer Marwan Lahoud said.

He was responding to a question on the scope for consolidation in the aerospace industry at an event at the German Council on Foreign Relations.

(Reporting by Tim Hepher; Writing by Brian Love; Editing by James Regan)