France, Germany Approve Socata Takeover

Aviation International News » February 2009
January 28, 2009, 7:15 AM

France-based Daher Group last month confirmed that French and German antitrust authorities have approved its taking over 70 percent of Socata, with EADS retaining the remaining 30-percent share. Combined, Daher and Socata have 7,500 employees and ?1 billion ($1.4 billion) revenues in aerostructures and business aircraft. Socata delivered a record 60 TBM 850 turboprops last year.

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