Airbus, Air France set up A350 support joint venture

Oct 28 (Reuters) - Airbus and Air France-KLM have set up a 50-50 joint venture, Alpha Component Solutions, to provide component support for the A350 jetliner, the European aerospace manufacturer said on Wednesday.

• Financial terms were not disclosed

• The venture combines Airbus' Flight Hours Services with Air France Industries KLM Engineering & Maintenance, and already supports more than 500 aircraft under contract

• The new entity will be jointly operated by Airbus and Air France-KLM

• Services to include maintenance, supply chain management and repairs for global A350 costumers

(Reporting by Zakarya Meliani in Gdansk, editing by Milla Nissi-Prussak)