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EADS to sell Airbus factories in Germany and France

Last Monday, an EADS spokesperson confirmed that the company is still planning to sell Airbus factories in Germany and France.

Airbus had planned to cut 10,000 jobs and sell six factories as a part of its “Power 8” restructuring plan, which is aimed at cutting costs to alleviate losses from delays of aircraft production.

One factory has already been sold to a consortium of Germany’s Diehl and France’s Thales. And earlier this month, Airbus confirmed that another plant has already been sold. The remaining plants will be acquired into two new companies: Premium Aerotec and Aerolia.