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Airbus Group to merge with its planemaking unit -sources
September 29, 2016 / 5:05 PM / a year ago

Airbus Group to merge with its planemaking unit -sources

PARIS, Sept 29 (Reuters) - 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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