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Airbus says hopes M&A talk will not distract United Tech from operational priorities

Published 08/30/2017, 11:31 AM
Updated 08/30/2017, 11:40 AM
© Reuters. The logo of Airbus group is pictured in Colomiers
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PARIS (Reuters) - Airbus has urged United Technologies (N:UTX) to stay focused on fixing industrial problems that have delayed aircraft deliveries even if it presses ahead with reported plans to buy avionics supplier Rockwell Collins (N:COL)

The two U.S. aerospace suppliers have been discussing a tie-up for around a month and a person familiar with the matter said on Tuesday a deal could come as early as next week. [nL4N1LF594]

"We will only comment on the implications of such a deal when it becomes real," an Airbus spokesman said. "Today, our total focus is on delivering planes and we hope that any potential M&A would not distract UTC from their top operational priority."

Delays in receiving engines from UTC subsidiary Pratt & Whitney have disrupted deliveries of Airbus A320neo jets, drawing criticism from the European planemaker's management.

© Reuters. The logo of Airbus group is pictured in Colomiers

The unusual warning to UTC before any acquisition is completed is the first public sign that the possible deal to create a new parts giant may trigger questions from major planemakers.

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