Tuesday, 30 November 2021

keep eye on the ball, Airbus urged UTC

PARIS: Airbus said it had urged United Technologies to “keep its eye on the ball” in its role as a commercial aerospace supplier as it moves towards a planned merger with US defence contractor Raytheon .

Chief Executive Guillaume Faury said the message was understood by the world’s largest aerospace supplier, whose Pratt & Whitney unit supplies engines for the A320neo jet.

Faury told a news conference he had spoken to UTC leaders and would do so again at the Paris Airshow next week.

He said earlier Airbus would take its time to study the plan, adding that he understood that it was aimed at acquiring bigger scale and balancing civil and defence activities.

The head of Airbus Helicopters said he was cautious on the commercial helicopter market following a lengthy slump.

“I don’t see a major recovery in the commercial helicopter market before two years,” Bruno Even told the news conference. (Reporting by Andrea Shalal, Cyril Altmeyer; Editing by Ti

Check Also

Cryptocurrencies tumble amid China crackdown

REUTERS/Dado Ruvic/Illustration/File Photo TOKYO – Cryptocurrencies tumbled on Monday as China’s crackdown on bitcoin mining ...

Leave a Reply