Europe-based global major aerospace group Airbus announced on Monday that it had established a new and wholly-owned subsidiary, named Airbus Atlantic. Formally set up on January 1, it is focused on aerostructures. The new subsidiary has been created by combining the already existing Airbus facilities at Nantes and Montoir-de-Bretagne, both in France, and also the network of sites within and beyond Europe that composed STELIA Aerospace (which was itself a wholly-owned subsidiary of Airbus). The creation of Airbus Atlantic is part of the restructuring programme announced by the Airbus group in April last year.
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