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.
Commercial solicitors
When it comes to legal advice, all businesses need someone skilled, reliable and experienced they can turn to for support and guidance. At Wrigley Claydon, our team of commercial solicitors are here to develop and give effect to the legal arrangements needed to help you achieve your commercial objectives and manage business risk.
If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice, speak to our commercial solicitors.
Please call 0161 624 6811 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.
