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AIR Airbus SE

153.58
-1.10 (-0.71%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Airbus SE EU:AIR Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.10 -0.71% 153.58 153.52 153.78 154.56 153.14 154.52 1,064,174 02:01:09

Airbus Plans Zephyr Spinoff, FT Reports

23/01/2023 7:30am

Dow Jones News


Airbus (EU:AIR)
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From May 2022 to May 2024

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-- Airbus SE is planning to spin off its high-altitude drone program Zephyr to create a telecoms and earth observation business, the head of Airbus's High Altitude Platform Station services business Samer Halawi tells the Financial Times.

-- "Airbus is not a company that offers telecom services," Mr. Halawi told the FT. "The idea of the carve-out is to bring like-minded partners to the equation and to be able to scale this business," he said.

 

Full story: https://on.ft.com/3J49szC

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

January 23, 2023 02:15 ET (07:15 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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