Airbus Loses More Money on A400M Airlifter | Aviation International News

Airbus Loses More Money on A400M Airlifter

But talks to renegotiate the contract are making progress, the company said.

The initial optimism surrounding the A400M (seen here on rollout) has gone, but “the worst is now behind us” said Airbus CEO Tom Enders. (Photo: Airbus D&S)

By Chris Pocock • Defense Correspondent

February 15, 2018

Airbus declared another €1.3 billion ($1.6 billion) loss on the A400M airlifter for the 2017 fiscal year, the latest of many annual write-downs on the troubled project. But speaking at the Airbus annual results press conference on February 15, Airbus chief executive officer Tom Enders declared that “the worst is clearly behind us.” Talks that began last March with the procurement agency OCCAR to renegotiate the A400M production contract have not yet been completed. But Enders described a preliminary agreement reached with OCCAR on February 5 as “a breakthrough.”

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