EADS has taken another step toward divesting itself of subsidiary Socata, the manufacturer of the TBM 850 turboprop single. France-based aerostructure specialist Daher has presented to Socata’s joint production committee plans to take over 70 percent of Socata and possibly 100 percent after three years.
Economy of France
EADS Socata has appointed Infinity Aviation its aircraft sales representative for Russia, Ukraine and Kazakhstan. The Moscow-based company will largely be marketing Socata’s TBM 850 turboprop single.
EADS has taken another step toward divesting subsidiary Socata, the manufacturer of the TBM 850. France-based aerostructure specialist Daher has presented to Socata’s joint production committee plans to take over 70 percent of Socata and possibly 100 percent after three years. The would-be majority shareholder is committing to keep all employees at Socata’s Tarbes headquarters and main factory.
Air France and Paris Charles de Gaulle Airport on September 8 inaugurated a new terminal designed to consolidate traffic operated by the flag carrier’s three regional subsidiaries and increase handling capacity of flights involving five European countries that do not require passport controls with France.
EADS Socata at EBACE outlined what its product launch might be next year–a twin-engine business aircraft that is bigger than its TBM 850 turboprop single. “The future product will have two more seats than the [six-seat] TBM,” said Socata CEO Jean-Michel Léonard. Socata expects to make a launch decision early next year. “Before that, four criteria have to be met,” he said.
Microturbo, a subsidiary of Safran Group company Turbomeca, has finalized a partnership with Triumph Gear Systems of Park City, Utah, for the development of a gearbox for its new e-APU line of auxiliary power units, which are being specifically designed for business jets requiring 15 to 90 kWe power (up to 150 shaft horsepower).
Midcoast Aviation of St. Louis has been named EADS Socata’s western hemisphere repair center. Under the terms of the agreement, Midcoast becomes the authorized repair center for the structures built by EADS Socata for the Falcon 7X.
European aerospace consortium EADS is believed to be close to selling its Tarbes, France-based Socata subsidiary–the manufacturer of the TBM 850 turboprop single–to Daher, an aerospace, defense, nuclear and automotive group headquartered in Wissous, France.
According to several newspaper reports, European aerospace consortium EADS is close to selling its Tarbes, France-based Socata division to Daher, an aerospace, defense, nuclear and automotive group headquartered in Wissous, France. An industry source close to the deal told AIN that Daher has completed the due diligence process, with the sale apparently hinging on Airbus awarding a contract for A350 work to Socata.
The Dassault family again holds the majority share of Dassault Aviation, with 50.01 percent of the French aircraft manufacturer’s stock.