Troubled A400M Transport Aircraft Manufacturer Airbus Takes New €1.3bn Financial Hit

Posted on February 15, 2018

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 €4.3bn, against €3.9bn in 2016. Shares in the company rose by about 8% after the results were published. 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”. Last week, Airbus reached a provisional agreement with seven European NATO buyer countries over further delays in deliveries for the A400M.

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