Airbus plans to spin off Zephyr drone programme -FT
Sameer Halawi who has been leading the programme since last summer told FT that the Zephyr was "at a final design stage." "The idea of the carve-out is to bring like-minded partners to the equation and to be able to scale this business," said Halawi, adding Airbus does not offer telecom services.
Airbus is looking to spin off its high-altitude surveillance and communications drone programme Zephyr, with the aim of starting commercial operations by the end of next year, the Financial Times reported on Monday. The French aircraft maker has tapped Morgan Stanley to find external partnerships to help accelerate the commercialisation of the business, which will operate under the brand name 'Aalto,' the FT reported.
The solar-powered Zephyr drone is designed to linger at an altitude of about 70,000 feet (21 kilometres) for months at a time for surveillance or to provide a temporary boost to communications. Sameer Halawi who has been leading the programme since last summer told FT that the Zephyr was "at a final design stage."
"The idea of the carve-out is to bring like-minded partners to the equation and to be able to scale this business," said Halawi, adding Airbus does not offer telecom services. Airbus did not immediately respond to a Reuters request for comment.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Airbus
- French
- Aalto
- Morgan Stanley
- Sameer Halawi
- Halawi
- Zephyr
ALSO READ
Olympics-French artist in race against time to finish monumental piece
French PM tells Canada: CETA free trade agreement is 'win-win' deal for both sides
French embassy announces second edition of Villa Swagatam residency programme
Macron blames external shock for French deficit, rules out tax rises
France tells French citizens not to travel to Iran, Lebanon, Israel, Palestinian Territories