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Article: Front-runners emerge to buy stake at Airbus Former Westland owner GKN is in advanced talks on investing in Filton along with Spirit of the US
- Article from:
- Western Daily Press (Bristol UK)
- Article date:
- May 19, 2007
- Author:
CopyrightCopyright 2007 Western Daily Press (Bristol UK). Provided by ProQuest LLC. (Hide copyright information)
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Former Westland owner GKN is in advanced talks on investing in
Filton along with Spirit of the US
Engineering group GKN and US aircraft parts maker Spirit
Aerosystems have emerged as front runners to partner Airbus in a new
pioneering West factory.
The two are engaged in talks with the European planemaker to fund
the pounds100 million centre at its giant Filton site to the north of
Bristol which will produce next-generation composite wings for future
Airbus aircraft.
Other companies have also expressed interest in adopting this risk-
sharing role, the exact terms of which are still being hammered out
by Airbus.
It recently appointed accountants Deloitte to oversee the process
and draft a ...