Airbus, Air France in Talks Over A350 Component Support Venture
By Mauro Orru
Airbus and Air France entered into exclusive negotiations aimed at establishing a joint venture to provide A350 component maintenance services, including supply chain management and repairs.
The European plane maker said Monday that the joint venture would help meet growing long-term maintenance demand for the A350, of which there are more than 1,000 aircraft on order and 550 currently in service worldwide.
Airbus and Air France-KLM's Air France will each own 50% of the joint venture, which is expected to be operational by the first half of 2024.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
September 04, 2023 13:15 ET (17:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst
-
How GLP-1 Drugs Like Ozempic Are Boosting Biopharma Stocks