Airbus Safran Launchers ups stake in Arianespace to 74%
American Aerobatics team, U.S. aircraft | December 02, 2016
Airbus Safran Launchers (ASL) has increased its stake in Arianespace from 39 to 74 percent. The announcement follows the acquisition of nearly 35 percent of the capital of Arianespace held by French space agency CNES (Centre national des etudes spatiales). The financial terms of the deal, expected to close on 31 December, have not been disclosed.