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EADS to sell Socata unit to France´s Daher

EADS to sell Socata unit to France´s Daher

EADS is to sell its Socata unit to French aerospace, defence nuclear and automobile group Daher, French Sunday newspaper Journal du Dimanche reported, citing union sources.

Socata, which manufactures touring, training and business aircraft and aerostructures for other planemakers, including EADS stablemate Airbus, currently has a partnership agreement with Daher.

Lucien Cazenave of the dominant FO union at Socata said EADS wants to sell Socata as an alternative means of raising cash after the sale of Airbus production sites in Germany fell through.

JDD cited Daher as saying ´nothing is finalised´ over such a deal. Last month, Airbus confirmed it had terminated talks to sell manufacturing sites in Germany to OHB Technology AG unit MT Aerospace.

On Friday, Airbus formally announced the creation of a new unit combining the three sites in question, at Augsburg, Varel and Nordenham.

An Airbus spokesman confirmed to Agence France-Presse that the new unit is to be called German Aerostructures Company (GAC).

According to JDD, French Airbus workers may strike in response to the formation of GAC, which they interpret as offering German workers more security amid the company´s wide-ranging Power 8 restructuring plan.

EADS has already named another French group, Latecoere, as preferred bidder for both the Meaulte and Saint Nazaire-Ville sites in France. The Airbus spokesman insisted however that the aim of creating GAC is eventually to dispose of the German sites.

/ Новости