Airbus plans to split Zephyr, its solar-powered unmanned satellite program

Posted on Jan 23, 2023 at 8:40 am

PARIS (Agefi-Dow Jones)–Aerospace and defense group Airbus plans to spin off Zephyr, its solar-powered unmanned satellite program, the Financial Times reported Monday.

According to the British newspaper, Airbus wants to return its autonomy to Zephyr, so that its commercial operations of telecommunications and Earth observation can start at the end of next year.

The former EADS confirmed to the Financial Times that it has hired US investment bank Morgan Stanley to find external partners to help it accelerate the commercialization of the aircraft. Airbus also told the newspaper that it intended to retain control of the Aalto company, which owns the Zephyr program. The group plans to attract new investors to help Aalto achieve his goals.

In the past, Zephyr has already earned revenue from some clients, including the UK Ministry of Defense. Aalto currently owns ten aircraft, parked at the Airbus site in Farnborough, UK.

-Dimitri Delmond, Agefi-Dow Jones; +33 (0)1 41 27 47 31; ddelmond@agefi.fr ed: VLV

Website: https://www.ft.com/content/83aa4770-cfbc-4b77-8543-b797de2479f7

Agefi-Dow Jones The Financial News Channel

Dow Jones Newswires

January 23, 2023 02:40 ET (07:40 GMT)

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