-- Airbus SE is planning to spin off its high-altitude drone program Zephyr to create a telecoms and earth observation business, the head of Airbus's High Altitude Platform Station services business Samer Halawi tells the Financial Times.

-- "Airbus is not a company that offers telecom services," Mr. Halawi told the FT. "The idea of the carve-out is to bring like-minded partners to the equation and to be able to scale this business," he said.


Full story: https://on.ft.com/3J49szC


Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94


(END) Dow Jones Newswires

01-23-23 0215ET