Airbus moves from Leoni to Labinal

Bauteile Cable manufacturer Leoni and Airbus have jointly terminated a 5-year supply contract. "The five-year contract with a volume of EUR 50 million was not worth it economically," said a Leoni spokesperson for Dow Jones Newswires. The decision to terminate the contract was mutual. The final separation is scheduled for 2H/2010 to allow for a smooth transition. (The contract was signed in 2008). In Labinal, the aircraft manufacturer has found a new—old—supply partner. The company held the contract before it was given to Leoni—through a public tender.