Dubai Aviation Group To Produce Planes, 

Eyes Airbus Plants

Frankfurt, Germany (AHN) - Not satisfied with acquiring airlines and airports, a Dubai aerospace group is setting its sights on the aircraft factories of Europe's biggest plane maker as it bids to become a global aviation power, according to the Middle East Online.

The Dubai Aerospace Enterprise (DAE), which is backed by the United Arab Emirates government, said on Friday that it is interested to bid for six aircraft factories in France, Germany and Britain that Airbus S.A.S. plans to place in the auction block.

DAE chief executive Bob Johnson told a German newspaper in an interview that the company is interested in the Airbus factories because it wanted to venture into plane production. "We want to do everything related to aviation," the Middle East Online quoted Johnson as saying in the interview.

Airbus' parent company EADS is planning to sell the factories wholly or in part to strategic partner to cut costs.

DAE is bidding for a majority share of a company running New Zealand's Auckland International Airport. It is also eyeing to invest in London's Gatwick airport.

The group, which was just formed last year, bought two U.S. airlines for $1.9 billion early this month.

Source | http://www.allheadlinenews.com/articles/7008304818