Share The brand is Stelia Aerospace which assembles A320 cockpits (pictured) but the owner will remain Airbus after the OEM decided not to divest the aerostructures unit.
Credit: Stelia Aerospace
When Airbus CEO Guillaume Faury announced on Feb. 18 that the European OEM was reversing years of efforts to outsource aerostructures and would keep Premium Aerotec and Stelia Aerospace within the group, stakeholders likely breathed a sigh of relief.
At least those assets will not be shopped around anymore, a rare reprieve from the ongoing flood of aerostructure divestitures that started before COVID-19 but has picked up pace. For anyone else trying to offload related assets, however, do not bother with Airbus. Aerostructures will be a core capability for Airbus, the CEO said, but it is not eyeing mergers and acquisitions (M&A) to build them up.