Airbus takes €1.3bn charge on its troubled A400M military transport plane

Airbus has taken a €1.3bn (£1.2bn) charge on its troubled A400M military transport plane, bringing total charges 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 €4.2bn, against €3.9bn in 2016.


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".






BBC         News.