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

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.26.15

Airborne 01.26.15

Tuesday

Airborne 01.27.15

Airborne 01.27.15

Wednesday

Airborne 01.28.15

Airborne 01.28.15

Thursday

Airborne 01.29.15

Airborne 01.29.15

Friday

Airborne 01.23.15

Airborne 01.23.15

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

AeroSports Update: Discovery XL-2 Production Is Underway

Discovery Aviation Announced That Production Of The New Discovery XL-2 Has Started If you are looking for a newly manufactured 2-place airplane suitable for the private owner or fo>[...]

Airborne 01.28.15: AMA Steps Up, AirAsia Stall Warnings, Obama Wants Carbon Cuts

Also: Ridiculous Arkansas Regs Proposed, Tecnam Juggernaut, New EC135 T2+ Training Helo, NBAA Joins 'Know Before You Fly', Wipaire Grand Opening, AirVenture SkyDive Record As the m>[...]

Airborne 01.28.15: AMA Steps Up, AirAsia Stall Warnings, Obama Wants Carbon Cuts

Also: Ridiculous Arkansas Regs Proposed, Tecnam Juggernaut, New EC135 T2+ Training Helo, NBAA Joins 'Know Before You Fly', Wipaire Grand Opening, AirVenture SkyDive Record As the m>[...]

Piper Aircraft Launches M500 With Latest Garmin Avionics

Caldecott Says New Meridian Features Electronic Stability Protection, Underspeed Protection, Other Safety Improvements Piper Aircraft has introduced its newest top-of-the-line M-Cl>[...]

Airborne 01.27.15: USCG Rescue!, Two Eagles Over Pacific, UAV v White House

Also: Hartzell/Red Bull, GA Coalition, Aero-Calendar, Commemorative Air Force, Sarah Brightman To ISS, Hot Air Balloon Endurance Record The pilot of a single engine Cirrus SR22 air>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC