Airbus Group to merge with planemaking unit, sources say

Paris

AIRBUS Group SAS is likely to merge with its main planemaking unit, Airbus SAS, as part of a corporate restructuring being finalised on Thursday, people familiar with the matter said.

The restructuring aims to simplify a top-heavy corporate structure inherited from the group's complex origins as a group of separate aerospace firms, and consolidate its position as a European aerospace champion anchored in Toulouse, France.