The constituent meeting of the Supervisory Board of Premium AEROTEC GmbH took place in Augsburg today. According to German Co-determination Law, the Supervisory Board of Premium AEROTEC GmbH consists of twelve members, of whom six are elected by the shareholders and six are representatives of the employees. Dr Gerald Weber was elected as Chairmanof the Board, and Jürgen Kerner as Vice Chairman.

Premium AEROTEC GmbH celebrated the company launch with simultaneous meetings at its three plants, Nordenham, Varel and Augsburg, having been connected by satellite.

Premium AEROTEC GmbH started its operations with legal effect on 1 January, thereby finalizing the carve-out process of the former Airbus sites in Nordenham and Varel and the former EADS site in Augsburg within the expected time frame. The business activities of the three sites have now been transferred to the new company.