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Worldwide raid on Airbus wing production

Published 01/30/2018, 11:21 AM
© Reuters.  Worldwide raid on Airbus wing production
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  • Britain's five-decade dominance of wing construction for Airbus (OTCPK:EADSY -0.2%) jets is under threat from rival countries playing up the uncertainties surrounding Brexit, Bloomberg reports.
  • Airbus has been approached by at least seven governments looking to poach future wing production, including EU members France, Germany and Spain, as well as the U.S. and China, where it has assembly lines, and even Mexico and South Korea.
  • The British government provides financial support for Airbus wing development, and the U.K. is home to 15,000 of the company’s workers, or more than 10% of its overall staff.
  • Now read: Honeywell Looking At Improving Markets And Strategic Options In 2018


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