Airbus to Cut Dassault Stake as Jet Sales to Help Stock

Airbus Group NV (AIR) is preparing to reduce its stake in Dassault Aviation SA (AM) by almost half, selling shares to institutional investors and back to Dassault in a transaction valued at about 2 billion euros ($2.52 billion). The European planemaker is exploring opportunities to sell because the U.S. economy, the largest driver of the business-jet market, is rebounding, suggesting demand for aircraft will pick up, Marwan Lahoud, the head of strategy at Airbus Group, said by phone yesterday.

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