A400M delivery delays to cost EADS up to €1.4 billion

Flightglobal.com ^ | 05/11/07 | Craig Hoyle

[Freeport]

EADS will confirm, on 8 November, the full scale of an up to €1.4 billion ($2.0 billion) charge linked to the development and flight-test delays that have affected its delivery schedule for the nine-nation Airbus Military A400M transport.

At best, the penalty for the third quarter of 2007 will be €1.2 billion, it says, with Airbus to carry over €1 billion of this total.

"This estimate is the best that can be established at this point of the programme development, and is consistent with the delays of six months - with a risk of a further slippage of up to a half year - that were announced on 17 October," EADS says.

[Freeport]

So how long will it be before the EU starts shoveling money at EADS to keep it afloat? Again...

[Moose4]

ping

}:-)4

[gridlock]

So how long will it be before the EU starts shoveling money at EADS to keep it afloat? Again...

When did they ever stop. Sometime it seems like the only reason for these projects is to separate taxpayers from their money. Thankfully, in this instance, it is the European taxpayer being separated...

[scooter2]

C-130’s can do anything this pig can do. Beter yet, C-17’s.

[PAR35]

I guess it’s hard to get it right when you are copying a 50 year old design.

[monday]

Government owned companies always lose money. They always have and always will. Governments who own companies are more than half way to being communist in that regard.