EADS Hopes To Sell Socata

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EADS has announced that it has opened exclusive negotiations with DAHER, a diversified company that dabbles in nuclear energy, the automotive sector, defense and industry along with aerospace, to sell its Socata division. Although Socata is best known in GA circles for its high performance TBM-series turboprop singles, the company also makes parts for Airbuses and that seems to be where the crux of the deal is.

In a brief news release, EADS Socata spokesman Philippe de Segovia said the idea is to "allow the creation of a major actor in the area of aerostructures and business aviation and develop joint projects in these two areas, in particular with regards to the A350 for which EADS Socata DAHER would be a tier-one partner." The release didn't discuss what the sale would mean to the TBM operation.