Belfast Telegraph

German chief not interested in B/E sale

By Clare Weir

The boss of a leading German aviation supplier has said he is not interested in buying any part of B/E Aerospace, which has a base in Co Down.

Rainer von Borstel, chief executive of Diehl Aerosystems, told reporters at the ILA Berlin Air Show that the company wasn't going to make a move for B/E, which employs more than 800 people in Kilkeel making aircraft seating.

Diehl makes cabin furniture for Boeing, Airbus and Bombardier.

At the start of the month, B/E Aerospace tasked its financial and legal advisers to look into a possible sale or restructuring to "increase shareholder value".

Rumoured suitors are German company Recaro Aircraft Seating, US firm Honeywell, French manufacturer Zodiac, United Technologies Corp and General Electric .

Mr von Borstel however said that Diehl was not entering into talks with the Florida-headquartered firm.

"The only thing we're missing is seats, but that's not something we plan to go into," he said.

The news came after B/E Aerospace regional management met with unions at the weekend.

Belfast Telegraph

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