Airbus’ Zephyr, high-altitude HAPS drone unit to be spun-off
Airbus has remarkable success in developing its record-shattering Zephyr high-altitude platform system (HAPS), but now the European aviation giant is now looking to bring in outside investors to help take the solar-powered drone to market.
Airbus officials revealed their plans to open the Zephyr drone program up to new corporate investors, saying the consortium had turned to Morgan Stanley to find potential partners for its HAPS unit. As initially reported in the Financial Times, Airbus wants to parlay the considerable success the stratospheric craft has had in testing to prepare its commercialization as a cutting-edge surveillance and communications asset for government and business clients.
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Though Airbus plans to remain a central actor in the HAPS program, its intention is to continue developing the high-flying Zephyr drone in conjunction with recruited backers who…