Airbus may spin off German sites before sale-paper


FRANKFURT, March 22 (Reuters) - European plane maker Airbus is considering spinning off its sites in Germany as a temporary solution before selling them, a German newspaper reported on Saturday. German EADS sites in Varel, Nordenham and possibly also Augsburg could be moved to an independently managed subsidiary as an intermediate step, before a sale at a later stage, Sueddeutsche Zeitung reported, citing industry sources.

Talks to sell the production site in Laupheim were continuing, the paper said.

Media reports on Thursday said talks between Airbus and German aerospace company OHB on the sale of Airbus production plants in Germany had failed.

But Airbus on Friday said negotiations for the divestment of sites in France, Germany, and Britain were continuing.

Airbus wants to sell plants in Germany, France and Britain to cut costs and then buy parts from the plants for the A350MXB, so any delay of the sales could lead to delays in the production of the plane.

(Reporting by Eva Kuehnen; editing by Chris Johnson)



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