Airbus seals Laupheim site sale with Diehl/Thales

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Airbus has finalised the sale of its Laupheim cabin interiors plant to its preferred bidder, a partnership between Diehl and Thales, under a deal which includes major packages of A350 XWB work.

The European airframer says the sale contract has been inked and with effect from 1 October the German site’s operational business and assets will be transferred to the partners.

Airbus president and CEO Tom Enders says: “The sale of Laupheim is an important element in our restructuring programme, Power8. It is beneficial for Airbus, our colleagues at Laupheim and our partner Diehl/Thales.

“It will further strengthen our ability to concentrate on our core business while at the same time creating a strong supplier for major cabin components.”

The deal, which is subject to competition clearance, also includes major A350 XWB cabin work packages. Airbus says these contracts, which will be dollar-based, include the A350 XWB’s crew rest compartments, complete cabin lining and overhead bins.

Laupheim, which employs 1,100 staff, has a €240 million ($373 million) annual turnover. It produces cabin linings, crew compartments and air ducts for all Airbus aircraft.

Diehl-Thales was one of two shortlisted bidders for the site, alongside French firm Zodiac.