Airbus (AIR.PA) is likely to
take a fresh charge with its first-half results for the latest problems
involving its A400M military transporter, Finance Director Harald Wilhelm said
on Wednesday.
Problems that the company
partially blames on the gearbox of the aircraft's large turboprop engines have
disrupted deliveries of the already delayed military plane and driven up costs.
Wilhelm, speaking to
analysts at the Farnborough Airshow, said the first-half charge would not cover
all the issues currently being audited and further writedowns could be taken
beyond 2016.
He gave no indication of the
size of the potential charge. Airbus has already taken billions of euros of
charges related to the A400M.
Wilhelm said there was also
a risk of charges related to loss-making contracts on the A350 jetliner, but
that these would not affect the aircraft's overall breakeven target.
He said the level of
commercial order deferrals and cancellations was "very low" and the
company's orders supported its plans to raise production of single-aisle jets.
Credit:Reuters
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