Airbus (EADSY.PK) looks to set to make a strategic move, as it closes in on acquiring a 51%...

|By:, SA News Editor

Airbus (EADSY.PK) looks to set to make a strategic move, as it closes in on acquiring a 51% stake in German supplier PFW Aerospace. The firm says the decision will help ensure a continued supply of parts for its A350 and Boeing (BA +0.3%) 787 programs after financial turmoil threatens PFW's production.