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Airbus Group to merge with planemaking business

Staff Writer |
Airbus Group said it would merge with its planemaking unit, strip out bureaucracy and simplify its brand.

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Europe's largest aerospace group will be renamed "Airbus" after its core planemaking brand under the shake-up, the latest piece of corporate tinkering since it emerged from a cluster of French, German and Spanish aerospace interests in 2000.

"We are bringing Team Airbus closer together, recognising that our commercial aircraft division is by far the largest contributor to our company's revenues and financials," CEO Tom Enders said in a statement.

Enders has promised to bring new digital thinking into production, development and support to speed decision-making and prepare for future competition across the group's products which range from aircraft to satellites and defence systems.

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