AIR

Airbus SE
123.28
1.04 (0.85%)
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
  1.04 0.85% 123.28 123.00 123.60 123.68 122.40 122.44 1,147,318 16:40:00

Airbus Plans Zephyr Spinoff, FT Reports

23/01/2023 7:30am

Dow Jones News


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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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