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Article: Iran: GKN buys Airbus plant for [pounds sterling]136m.

Article from:
TendersInfo
Article date:
September 17, 2008
Copyright

Byline: kusumv03

Part of the Airbus factory in south Gloucestershire is being sold to engineering company GKN for [pounds sterling]136m. The firm is to buy the manufacturing operation at the Filton site, which makes wing components for Airbus.

The Unite union said the deal was ""fantastic news"" for British manufacturing and would help secure the UKs aerospace industry for decades. Airbus has been negotiating to sell Filton to GKN for months and has been close to a deal for several weeks.

There was speculation that a deal had been delayed by negotiations over price and a commitment by Airbus to provide the factory with future work on its ...

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