Reports: EADS Plans Sale Of Socata To French Group | 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

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 12.11.17

Airborne-Unmanned 12.12.17

Airborne 12.13.17

AMA Drone Report 12.14.17

Airborne 12.15.17

Airborne-YouTube

Airborne 12.11.17

Airborne-Unmanned 12.12.17

Airborne 12.13.17

AMA Drone Report 12.14.17

Airborne 12.15.17

Mon, Apr 28, 2008

Reports: EADS Plans Sale Of Socata To French Group

European Consortium Calls GA Unit "Key Element"

A French newspaper reports European Aeronautic Defense and Space Co. (EADS) -- in its continuing quest for cash to offset recent losses, and the continuing decline of the US dollar -- plans to sell off its Socata division to a French aerospace, nuclear and automotive group.

Citing union representative Lucien Cazenave, the Journal du Dimanche reports EADS hopes the sale of Socata to Daher will offset the loss of funds the European consortium had planned to reap by selling off three Airbus manufacturing sites in Germany. Those talks fell through last month.

Daher told the French newspaper "nothing is finalized" over the sale, reports Forbes.

EADS officials would not confirm reports of the sale, but did speak of such a development obliquely. "EADS Socata and Daher will evaluate the future of their relationship," the consortium said Friday. "This could include the pursuit of additional joint new business efforts, and -- in the case of key wins, the possible entry of Daher in the capital of EADS Socata."

Best known to US customers as the manufacturer of the TB20 Trinidad, and highly-successful TBM 850 turboprop, EADS Socata also manufactures aerospace structures. The company partnered with Daher in 2007 to bid for work on the upcoming Airbus A350 XWB.

FMI: www.socata.eads.net

Advertisement

More News

Airborne 12.11.17: Pilatus PC-24 Cert, VerdeGo Aero, Canada Nixes Hornets

Also: Engine Coatings Facility, Wrong Runway At JFK, ATR 72-600 Flight Sim, Regional Airline Association Pilatus has obtained type certificates from the FAA and EASA for the first >[...]

Airborne 12.13.17: Flight Design Update, Bell 525, Space Policy Directive

Also: A380 Production Cut?, Canadian Arctic Aviation Tour, US Nationals, Muilenburg'ss Mars Prediction Flight Design may be under new ownership, but it plans to continue to be a le>[...]

Airborne 12.13.17: Flight Design Update, Bell 525, Space Policy Directive

Also: A380 Production Cut?, Canadian Arctic Aviation Tour, US Nationals, Muilenburg'ss Mars Prediction Flight Design may be under new ownership, but it plans to continue to be a le>[...]

Dassault Ends Falcon 5X Program

Cites Issues With Delivery Of Engines, Will Start Development Of A New Aircraft Dassault Aviation has initiated the termination process of the Silvercrest contract leading to the e>[...]

Aero-News: Quote of the Day (12.14.17)

“We appreciate the FAA making an effort to clarify the responsibilities and available options in preserving airport access, improving fee transparency, and ensuring public-us>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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