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Airbus Sale Of 2 French Sites Falls Through

European plane maker has ended talks with Latecoere over the sale of two French plants due to time constraints and 'the current difficult financial environment.'

PARIS (AP) -- European plane maker Airbus has ended talks with French aerospace company Latecoere over the sale of two French plants.

Airbus parent company EADS says the plans to sell the sites fell through because of time constraints and largely due to ''the current difficult financial environment.''

EADS said Wednesday it is sticking to other divestment plans, and is working toward the sale of sites in Filton, England, and Laupheim, Germany, in the coming weeks.

Latecoere is a top supplier for Airbus and was chosen in December as ''a preferential partner'' to buy the two factories in Meaulte in the northern Somme region and the Atlantic coast town of Saint-Nazaire.

The sales had been planned as part of Airbus' ''Power 8'' cost-cutting program.

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