Airbus profits fall amid continued problems and “contractual capabilities”

Airbus’ profits have fallen due to continued problems with certain projects.

Airbus stated that there were still issues over “meeting contractual capabilities” securing export orders, cost cutting, and commercial exposure.

It also said that technical problems with engines for its new A320neo aircraft were still to be resolved.

The warnings came as Airbus posted quarterly figures showing a 52% fall in net profits to €240m euros (£203m).

The A400M (a multi-national, four-engine turboprop military transport aircraft) has also suffered a number of 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 Airbus Helicopters unit, the world’s largest commercial helicopter maker, continues to suffer from the grounding of aircraft in UK and Norway, following a crash that killed North Sea oil workers.

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John Porter

John has been with Wrigley Claydon for over 20 years, becoming a partner in 1995. Specialising in Employment Law, John helps clients with matters including the preparation of recruitment policies and employment contracts as well as advocating in employment tribunals in cases of unfair dismissal or discrimination. He also has considerable experience of dealing with landlord and tenant disputes and matters relating to business and company sales, commercial investment property transactions and lettings as well as residential estate and offshore property developments. “I know I’ve done a good job when the business doesn’t need me!” John is never happier than when spending time with his wife and 2 children, Lucy and Alex. John is Chair of Respect Our Community Awards (ROCA) and a board member of First Choice Homes Oldham. In his spare time, John is likely to be found either reading, cooking or walking Donnie the Golden Retriever.

Latest posts by John Porter (see all)

• 5 Steps to consider before buying or leasing commercial property - 13th September 2023
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• Talk over sale of Newcastle Utd as owner Ashley meets investment firm - 22nd December 2017
• GVC gambles on Ladbrokes Coral takeover - 15th December 2017