Airbus to buy supplier PFW Aerospace

Victoria
By Victoria September 23, 2011 07:22

Airbus to buy supplier PFW Aerospace

Airbus is in the final stages of buying a majority stake in one of its German suppliers, PFW Aerospace, which sells precision components to the aerospace industry from headquarters in UK and Germany. PFW, whose tubes transport air and fuel in Airbus’s A350 and A380 aircraft and Boeing’s 787 Dreamliner, generated sales of €214m ($293m) in 2010, according to its website. FT Deutschland said the company was hit by delayed aircraft programmes and high development costs.

Victoria
By Victoria September 23, 2011 07:22
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