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Airbus merger denied.

ONE of the chiefs at aircraft manufacturer Airbus is playing down reports of a merger with French defence electronics giant Thales.

Philippe Camus, co-chief executive of European Aeronautic, Defence & Space which owns 80% of Airbus, told bankers and analysts yesterday that Thales was ``not currently on the agenda''.

It would create the biggest defence firm, outstripping US rival Boeing in revenues. It could impact on jobs at Broughton, Flintshire, where Airbus produces wings, and at St Asaph, Denbighshire, where Thales has an opto-electronics plant making head-up displays for the military and Airbus jets and other hi-tech equipment.
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Title Annotation:Business
Publication:Daily Post (Liverpool, England)
Date:Nov 19, 2004
Words:97
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