• Most Popular
  • Most Shared

Airbus may sell 4 factories to U.S. Spirit: paper

BERLIN
Sat Dec 15, 2007 10:16pm EST

Stocks

   
An Iberia Airbus A319 aircraft flies over Madrid's Cuatro Vientos airport December 13, 2008. European plane maker Airbus plans to agree in the coming week to sell four of its European factories to U.S. group Spirit AeroSystems Holdings, a German newspaper reported on Saturday. REUTERS/Sergio Perez (SPAIN)

BERLIN (Reuters) - European plane maker Airbus (EAD.PA) plans to agree in the coming week to sell four of its European factories to U.S. group Spirit AeroSystems Holdings (SPR.N), a German newspaper reported on Saturday.

Stocks  |  Mergers & Acquisitions

The Internet edition of the Frankfurter Allgemeine Sonntagszeitung reported that Airbus chief Tom Enders believed it was possible the company could decide by next Friday to sell three plants in Germany and one in Britain to Spirit.

The paper cited "sources in the sector" and said the factories in question were at Varel, Nordenham and Augsburg in Germany and Filton in Britain.

Enders favored Spirit because of its expertise in carbon fiber technology, which is important for the construction of future plane models, the paper said.

He did not want to sell Germany's plant in Laupheim to Spirit as the components produced there did not require carbon fiber technology.

EADS's Airbus division is struggling to recover from costly delays to its A380 superjumbo jet that have prompted it to sell or find partners for plants and cut 10,000 jobs.

German technology and space group OHB Technology (OHBG.DE) had previously been mentioned as a possible partner for some of the plants.

(Writing by Madeline Chambers; Editing by Alan Raybould)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article