Airbus Group to merge with its planemaking unit: sources

Airbus Group to merge with its planemaking unit: sources
 

Airbus Group SAS is likely to merge with its main planemaking unit, Airbus SAS, as part of a corporate restructuring being finalised on Thursday, people familiar with the matter said.
The restructuring aims to simplify a top-heavy corporate structure inherited from the group's complex origins as a group of separate aerospace firms, and consolidate its position as a European aerospace champion anchored in Toulouse, France.
(Reporting by Tim Hepher; editing by John Irish)
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29 September 2016 in Business, Views: 46
Source: Reuters
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