SPACE MART SPACE DAILY SPACE WAR TERRA DAILY MARS DAILY SPACE TRAVEL GPS DAILY ENERGY DAILY
  Space Industry and Business News  
Get Our Free Newsletters Via Email
  
Search All Our Sites at SpaceBank
Airbus close to sale of four factories: report

Airbus plans to shed 10,000 jobs and sell a total of six factories as part of its "Power8" restructuring plan, which was prompted by severe problems encountered with its A380 superjumbo jet programme.
by Staff Writers
Berlin (AFP) Dec 16, 2007
Airbus boss Thomas Enders could be days away from selling four of the aircraft maker's factories to US company Spirit Aero Systems, a German newspaper reported on Sunday.

The Frankfurter Allgemeine Zeitung cited insiders as saying a deal to sell the three production sites in Germany -- in Augsburg, Nordenham and Varung -- and one in Filton in Britain, could be inked by Friday.

The head of Airbus parent company EADS, Louis Gallois, said earlier this month that the aerospace giant had "no choice" but to shift some production by Airbus to dollar-based zones to soften the financial impact of a soaring euro.

Airbus sells its planes in dollars but its costs are in the European single currency. With the dollar steadily depreciating against the euro, Airbus earnings has plummeted.

Spirit Aero System is understood to be a prime candidate for taking over the four sites because of its specialised knowledge in carbon fibre technology.

Airbus plans to shed 10,000 jobs and sell a total of six factories as part of its "Power8" restructuring plan, which was prompted by severe problems encountered with its A380 superjumbo jet programme.

Community
Email This Article
Comment On This Article

Related Links
Aerospace News at SpaceMart.com


California urges regulation on aircraft emissions
Los Angeles (AFP) Dec 5, 2007
California has urged the US government to introduce new regulations aimed at curbing greenhouse gas emissions from aircraft, officials said Wednesday.






Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
  • Industry Leaders Announce Open Platform For Mobile Devices
  • EU nations endorse standard system for mobile TV
  • Beyond Books: Virginia Tech Libraries In The Digital Age
  • Bee Strategy Helps Servers Run More Sweetly

  • HISPASAT Chooses Arianespace To Launch The Amazonas 2 Satellite
  • Lightning Protection For The Next Generation Spacecraft
  • Russia Tests Engine For Angara Carrier Rocket
  • United Launch Alliance Launches 2nd COSMO Satellite

  • Airbus close to sale of four factories: report
  • California urges regulation on aircraft emissions
  • Announcement Of Opportunity For Sounding Rocket And Balloon Flights
  • China to order up to 150 Airbus jets during Sarkozy visit: report

  • Northrop Grumman Develops World's Fastest Transistor To Support Military's Need For Higher Frequency And Bandwidth
  • Russia launches military satellite: agencies
  • Harris Tests New Falcon III Multiband Manpack Radio During US Army Patriot Missile Exercise
  • SKorea develops military communication system: officials

  • Russia And France Developing New Satellite Platform
  • Light Is Shed On New Fibre's Potential To Change Technology
  • MIT Creates New Oil-Repelling Material
  • Major Physics Breakthrough In Understanding Supersolidity

  • Iridium Satellite Appoints Leader For NEXT Development
  • Boeing Names Darryl Davis To Lead Advanced Systems For Integrated Defense Systems
  • Northrop Grumman Names John Landon VP Of Missiles, Technology And Space Programs
  • Dr Mary Cleave Appointed To Board Of Directors Of Sigma Space

  • Outside View: Russia's new sats -- Part 2
  • Use Space Technology And IT For Rural Development
  • China, Brazil give Africa free satellite land images
  • Ministerial Summit On Global Earth Observation System Of Systems

  • Navteq Powers Innovative Lowrance Hybrid Portable Device
  • S5 Wireless Demonstrates Power Of Next-Generation Location And Telemetry Network
  • OMRON RFID Announces Support For Sybase RFID Anywhere
  • Freightliner Improves Inventory Accuracy With New RFID Solution

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement