Financial Times FT.com

Latécoère pulls investment in aircraft

By Peggy Hollinger in Paris

Published: July 3 2008 03:53 | Last updated: July 3 2008 03:53

Latécoère, French supplier to Boeing and Airbus, will no longer invest as a partner in big aircraft projects – a sign that commercial aircraft manufacturers’ attempts to shift risks on to parts makers might be hitting the buffers.

François Junca, chairman of Latécoère’s supervisory board, has told shareholders that the group will in future be a simple subcontractor for aircraft manufacturers, which means no longer carrying part of the development and production costs for big projects.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this