Jump to content
Sign in to follow this  

Airbus to change A400M contracts to curb losses

Recommended Posts


FRANKFURT (Thomson Financial) - EADS unit Airbus plans to change fixed-price

contracts for its new military transport plane A400M to curb losses,

Financial Times Deutschland reported, without saying where it got the


The aircraft maker aims to change the price increase clause in its contracts

and add a one-year suspension of contractual penalties for delayed delivery,

FT Deutschland said.

EADS booked a 1.37 bln eur charge for delays to the A400M programme in the

third quarter, leading a net loss of 776 mln eur, widening from a loss of

189 mln a year earlier.

EADS also wants to shorten the amount of time during which its customers can

cancel their orders for the military planes, the newspaper said.

Germany, France and the UK have already been informed of the planned changes

to supply contracts, it said.

The first A400Ms were due to be delivered to the French Air Force in Oct


Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  


Important Information

By using this site, you agree to our Terms of Use, Privacy Policy, and We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue..