08 May 2015

Airbus trying to buy A350-supplier PFW rescued 4 years ago

Airbus has begun contacting potential buyers of jetliner supplier PFW, which it rescued in 2011 basically to avoid impacts in A350 program deliveries.

Airbus has asked buyout groups and peers to bid for PFW Aerospace in a potential 300-500 million euro deal.

The German company, which supplies jetliner parts to both Airbus and Boeing, was always seen as a temporary part of Airbus, and the sale indicates concerns over this part of its supply chain have eased.

This movement is parallel to Airbus approaches to potential buyers for electronics and other assets it wants to sell to focus its defense division on warplanes, missiles, launchers and satellites. 

Airbus-group hopes to attract private equity buyers for defense electronics businesses such as radar, optronics and avionics supplies, as well as for part of its satellite communications unit.

Based on the article “Airbus moves ahead with defense electronics, other asset sales” published in Reuters.

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