Reginal Thomas
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Airbus Selling Vizada and its Stake in PFW Aerospace

Airbus, the European aerospace group, is planning to sell its satellite communications company, Vizada along with its majority stake in structural components makers PFW Aerospace.

Airbus has hired Lazard Ltd to advice its sales of Vizada. Airbus bought Vizada for $960 million 2011. The company is hoping PFW’s sale could be worth as much as $488 million.