No More Red Beacons Atop Cars For VIPs - Effective May 1
Killed As Delhi Schoolboy Celebrating Last Exam Rams Car Into Pavement
Sentence next for Volkswagen in US diesel emissions scandal
Airbus profits hit by A400M costs
24 February 2017, 12:52 | Ignacio Smith
The Royal Air Force A400M landed in New Zealand yesterday
The company now wants new talks with its customers, the governments of Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey, to ease the "heavy penalties" imposed for delivery delays.
Airbus said in a statement that its bottom-line net profit plummeted by 63 percent to 995 million euros previous year, shot down by a 2.2-billion-euro hit on the A400M.
"We have delivered on the commitments that we gave a year ago and achieved our guidance and objectives, with one exception, the A400M, where we had to take another significant charge totalling €2.2 billion in 2016", Airbus chief executive Tom Enders said.
And new faults were discovered in the propellor engines past year.
Enders, in a conference call with reporters, clarified that the group would ask clients to refrain from imposing further penalties over the A400M debacle.
"But it does not destroy, so to say, the underlying story of the improvement potential that we have ahead of us in the coming years and that goes particularly for earnings and for free cash flow", he added.
Edinburgh ranked 'second most congested city in the UK' The figure is calculated by measuring extra travel time during peak hours against situations in which there is no congestion. Average speeds drop to 4mph in the city centre at peak times, according to the report by traffic data specialists INRIX.
He said Airbus expected to deliver over 20 of the military transporters this year, barring any unexpected problems.
A spokesman for OCCAR had said on Wednesday the agency was in regular and ongoing dialogue with Airbus, but declined comment on the company's request for new measures.
The total value of the group's order book was €1,060 billion at the end of December, up from €1,006 billion in 2015.
PARIS Airbus (AIR.PA) said engine maker Pratt & Whitney (UTX.N) still had to make an effort to improve on deliveries of engines for the A320neo jet, which were hit by delays previous year.
Airbus confirmed a projection of more than 700 jetliner deliveries in 2017, up from a record 688 in 2016.
Shares in Airbus sank on the earnings report then rallied, trading at 66.81 euros in early afternoon, barely down from Tuesday's close.
Marine Le Pen's visit to Lebanon draws polarized reactions
The Opinionway survey had her easily beating her four main rivals to win the April 23 first round with 27 percent of the vote. She also took a stance on the Syrian civil war diametrically opposed to that of Lebanese Prime Minister Saad al-Hariri.
Julius Thomas to Dolphins reportedly back on
Jaguars fans should expect further draft investment along the line as no one should expect Albert to play an entire season. He gets a fresh start with a Miami offense in 2017 that loves to utilize their tight ends under a familiar face in Gase.
Rockets fired from Sinai hit open area in southern Israel
It was clear that Liberman's allusion was a response to the recent rocket attack launched from Sinai towards Israeli territories. Israeli Defense Forces are searching the area", the Israeli Defense Forces Spokesperson Peter Lerner posted on his Twitter page.
GPS Reveals Chilling 2nd Stop by Dylann Roof
He is now being held at the Charleston County jail while he awaits a state trial on murder charges stemming from the attack. Rufus Berry told the Post and Courier newspaper. "We had skipped a little bit and we didn't have it that night", she said.