Airbus takes new 1.3bn hit on A400M troop carrierPosted:

Mooneye
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Airbus has written off another 1.3bn (£1.2bn) on its troubled A400M military transport plane, bringing total losses on the project to more than 8bn.

The A400M has had setbacks over the years, most seriously a crash during a test flight in Spain in 2015 which led to the deaths of the four crew members.

The aerospace group reported better-than-expected 2017 profits of 4.3bn, against 3.9bn in 2016.

Shares in the company rose by about 8% after the results were published.

Revenues were "stable" at 66.8bn, up from 66.6bn.

In its statement, Airbus said higher aircraft deliveries had been "offset by a reduction in revenues of around 2bn from the perimeter changes".

Last week, Airbus reached a provisional agreement with seven European NATO buyer countries over further delays in deliveries for the A400M.

Chief executive Tom Enders said in the results statement: "On A400M, we made progress on the industrial and capabilities front and agreed a re-baselining with government customers which will significantly reduce the remaining programme risks. This is reflected in a substantial one-off charge."








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#2. Posted:
Mark
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Thats a lot of money
#3. Posted:
Mikey
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Holly cow, thats one hell of a badass looking Airbus.
#4. Posted:
Mark
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Mikey wroteHolly cow, thats one hell of a badass looking Airbus.
look at there helicopter [ Register or Signin to view external links. ]
#5. Posted:
Mikey
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MKC wrote
Mikey wroteHolly cow, thats one hell of a badass looking Airbus.
look at there helicopter [ Register or Signin to view external links. ]


Airbus Chopper omg, thats nuts 250mph
#6. Posted:
Mark
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Mikey wrote
MKC wrote
Mikey wroteHolly cow, thats one hell of a badass looking Airbus.
look at there helicopter [ Register or Signin to view external links. ]


Airbus Chopper omg, thats nuts 250mph
uber will be in the past mate haha
#7. Posted:
KyloCrux
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That's a lot of money just to be wasted on this.
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