A Virgin Atlantic Airbus A350-1000 on the production line. (Photo: Airbus)

Airbus Launches New Subsidiary

On Monday, Airbus — the prominent, European aircraft manufacturer — announced the launch of Airbus Atlantic, which will become their new wholly-owned subsidiary. The combination of Airbus' two major production sites located in Nantes, France and Montoir-de-Bretagne, France with Stelia Aerospace — their seat design and manufacturing subsidiary — will potentially make Airbus Atlantic, the second-largest S corporation in the world.  The subsidiary was officially established on Jan.1 and brings together a total of three production sites located in the Loire-Atlantique…