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AIR - Airbus SE News Story

€98.37 1.6  1.7%

Last Trade - 07/05/21

Sector
Industrials
Size
Large Cap
Market Cap £67.27bn
Enterprise Value £69.59bn
Revenue £43.30bn
Position in Universe 14th / 848

Airbus shakes up aero parts manufacturing

Wed 21st April, 2021 5:12pm
PARIS, April 21 (Reuters) - Airbus  AIR.PA  has launched the
biggest shake-up of its manufacturing network in more than a
decade, with large parts activities reorganized in France and
Germany and some small parts combined under a new company to be
placed under review.
    The European planemaker said on Wednesday it would combine
aerostructure assembly in France under one entity, bringing
major fuselage parts plants in St Nazaire and Nantes together
with the worldwide operations of its Stelia affiliate.
    In Germany, the Premium Aerotec business will be split, with
part of it combined with manufacturing plants in Stade and some
of the large Hamburg factory, and the rest folded into a new
business specialising in small mass-produced "detail" parts.

 (Reporting by Tim Hepher; editing by David Evans)
 ((tim.hepher@thomsonreuters.com; +33 1 49 49 54 52; Reuters
Messaging: tim.hepher.thomsonreuters@reuters.net))
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