FRANKFURT (Reuters) - Airbus SE is no longer in talks to sell a part or all of Premium Aerotec, a subsidiary that makes large plane components, a German newspaper reported on Thursday.
Handelsblatt, citing unnamed sources, said there were “too many operational issues” regarding the sale.
Airbus said in a statement that its long-term objective for Premium Aerotec remains unchanged. “However, we are in no rush with any divestment process,” Airbus said.
Premium Aerotec generates about 2 billion euros ($2.32 billion) in revenue and employs 10,000 people, according to its website. It specializes in large and complex aircraft components for Airbus, Boeing’s B787 Dreamliner, the Eurofighter Typhoon and military transporter A400M
($1 = 0.8606 euros)
Reporting by Tom Sims in Frankfurt and Mathieu Rosemain in Paris; Editing by Elaine Hardcastle