AIR

-- Airbus SE is planning to spin off its high-altitude drone program Zephyr to create a telecoms and earth observation business, the head of Airbus's High Altitude Platform Station services business Samer Halawi tells the Financial Times.

-- "Airbus is not a company that offers telecom services," Mr. Halawi told the FT. "The idea of the carve-out is to bring like-minded partners to the equation and to be able to scale this business," he said.

Full story: https://on.ft.com/3J49szC

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

January 23, 2023 02:15 ET (07:15 GMT)

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