Airbus in talks to sell seven production units
Friday, 2 November 2007
BANGALORE, India, Nov 1 (AFP): European aircraft maker Airbus is in talks to sell seven production bases in Europe to concentrate on the business of making planes, chief executive Tom Enders said here.
The seven units manufacture "aerostructures," components and sub-components, Enders told a press conference yesterday after opening an engineering centre in this southern Indian city.
Toulouse, France-based Airbus decided after conducting a study last year to "focus on our core business" and divest units it doesn't need, said Enders, on his first overseas visit since being named president and CEO in August.
The aircraft maker also needs to cut its headcount by 10,000.
The seven units manufacture "aerostructures," components and sub-components, Enders told a press conference yesterday after opening an engineering centre in this southern Indian city.
Toulouse, France-based Airbus decided after conducting a study last year to "focus on our core business" and divest units it doesn't need, said Enders, on his first overseas visit since being named president and CEO in August.
The aircraft maker also needs to cut its headcount by 10,000.