BAE SYSTEMS PLC
07 November 2003
BAE SYSTEMS Flight Training (Europe) SL to be sold
BAE Systems today announced that it has reached agreement to sell its
shareholding in BAE Systems Flight Training (Europe), a civil flying training
school in Jerez, Spain, to an in-house management team.
Ian King, managing director for the company's support business Customer
Solutions & Support, commented: 'We believe the future growth opportunities for
BAE Systems Flight Training (Europe) are better satisfied outside of the company
under the direction of an independent management team.'
BAE Systems Flight Training (Europe) has net assets of approximately Euros 11
million, employs 95 people and delivers civil flying, ground and simulation
training.
Issued by
BAE Systems plc
London
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