EADS Reaches Final Agreement With Daher On Socata | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 10.12.17

Airborne 10.16.17

Airborne 10.17.17

Airborne 10.18.17

Airborne 10.19.17

Airborne 10.13.17

Airborne-Unmanned 10.17.17

Airborne-YouTube

AMA 10.12.17

Airborne 10.16.17

Airborne 10.17.17

Airborne 10.18.17

Airborne 10.19.17

Airborne 10.13.17

Airborne-Unmanned 10.17.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Mon, Nov 03, 2008

EADS Reaches Final Agreement With Daher On Socata

French Manufacturing Group Will Take Majority Stake In Planemaker

An ongoing attempt by EADS to divest itself of general aviation planemaker Socata appears to have borne fruit. On Monday, the European aerospace consortium announced a final agreement has been reached with the Daher group, for Daher to take a majority interest in EADS Socata.

Under terms of the deal, Daher would acquire a 70% majority share in EADS Socata. As ANN reported, EADS opened talks with Daher in July, three months after word first surfaced EADS was looking at a buyer for the manufacturer.

EADS Socata is best known for its hot-selling TBM 850 turboprop. EADS hoped the selloff would help recoup massive losses brought about by delays to the Airbus A380 and A350 XWB programs.

"This Daher-Socata association will allow the creation of a leading European industrial player in the domain of aerostructures and open up new development prospects in general aviation, including for the new Socata aircraft project", said Jean-Michel Léonard, CEO of EADS Socata.

"Today we salute the success of this association, the result of more than a year's work between the management teams of the two companies to form a major player in Aerostructures, Business Aviation and Services," added Louis Gallois, CEO of EADS, after the signing of the agreement was announced. "It is also a great satisfaction to have had the support of the majority of the social partners, the Works Councils of Socata and Daher, the Central Council of EADS France, and the personnel and management of Socata, who have clearly understood the strategic importance for the future of the company."

Daher has interests in the aerospace, nuclear and automotive industries. Last year, EADS Socata partnered with the French concern to bid for work on the upcoming Airbus A350 XWB.

Before the acquisition takes effect, it must be submitted to the approval of the competent competition authorities.

FMI: www.socata.eads.net

 


Advertisement

More News

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

AMA Drone Report 10.12.17: NTSB--Drone v Blackhawk, City Drops Reg, DJI Privacy

Also: PassengerDrone, FAA Reauthorization Extension, UAS Pilot Certification, Workhorse Surefly The NTSB is now offering public details of the alleged collision between a hobby dro>[...]

Airborne-Unmanned 10.17.17: Eagles v Drones, DJI AeroScope, Drone Policy

Also: AeroVironment Award, Washington State Patrol, Altavian Nova UAS, Robotaxis The French Military is training four Golden Eagles to attack drones in flight as a way to defend ag>[...]

Airborne 10.18.17: Airbus C Series Deal, Red Bull!, Drone v Airline

Also: Glasair 2 And 3 Sold, Send Solutions, Blue Angels, SSBJ, D8 Airliner, Stage 5 Aircraft, Global Supertanker Airbus SE and Bombardier are to become partners on the C Series air>[...]

Airborne 10.17.17: Waco YMF-5F Flies!, SpaceX Streak, BBJs Rule

Also: Embraer, Aero-Calendar, AeroVironment, Sikorsky Heli's, EASA Singapore, FireFighting UAV, WestJet The amazing craftsman of the Waco Classic Aircraft operation in Michigan hav>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC