November 5, 2008

EADS / Airbus A400M slowed its pace



Clearly the project of the military plane Airbus A400M find it hard to take off.

Airbus Military (EADS) decided a "slowdown" in the production of its A400M military transport aircraft. Reason: the delay in the program. Very bad omen for this device which faces significant technical difficulties, even at speeds of conduct Arlésienne ...

The group decided "a slowdown of production" given the "uncertainties concerning the agenda of the program," said a spokeswoman for Airbus Military. The announcement confirms a partial information newspaper Les Echos.
It is an "adaptation" of production but not a "stop", she said. We believe that demand ... While that goes piano va sano, but the "formula" could also be used to try to prepare quietly but surely clients outcome "fatal".
According to Les Echos, quoting "sources", production was temporarily suspended to avoid accumulating devices assembled as flight tests have not started. In the absence of the rate reduction, many planes could be locked on the terminal waiting for potential customers, representing significant costs.
EADS had originally planned the first flight of the A400M for January 2008 and then postponed to late 2008 for engine problems before announcing a postponement sine die in September. The aerospace group has already been forced to spend last year a provision of 1.37 billion euros, which has sealed its annual results.

Although the French press had proved not very talkative on the subject, recall that in mid-October the German Minister of Defense Franz Josef Jung had décalré in an interview with Reuters that EADS should pay for late delivery its military transport aircraft.

Recalling that Germany believed that the A400M would be delivered by 2010, Franz Josef Jung said that the plane could not fly before 2011. He also mentioned that the German government had a contract including delay compensation.

"If delivery is delayed aspects of contracts relating to this question must also be respected," he added without saying how much claim to EADS Germany. "We have done everything to the A400M. Now the industry to honor the contracts," said the minister stating in writing these lines to EADS chairman Louis Gallois.

Franz Josef Jung has reason for concern: already "Murder" by the costly penalties on the A380, the parent of Airbus wants to reduce penalties for the A400M, which was designed for seven countries of the NATO.

While delays had already marred the planning, Carlos Suarez, the general manager of Airbus Military, a subsidiary of EADS had said in late April in Seville that the engine of the A400M military transport plane left the sensitive issue of this program. "This issue remains central to the first test flight and also under production. We must resolve this matter in the coming months", had warned Carlos Suarez at a press conference.

At a press briefing last June, Louis Gallois had pushed the nail: "Our goal is always to have a first flight this summer even if we agree that it is increasingly tense because of the particular engine, "he said. "The aircraft is complicated, the engine is complicated and the interface is also complex, had he continued ... before the date of the first flight is postponed once again ....( Finance Information City )

More news about Airbus A400M on Finance Blog

Airbus A400M: Tom Enders warned the European partner
A400M: Spain and Turkey always leaving
Airbus: the integration of MTAD about discord with Spain
Airbus A400M: delivery postponed in 2012 as Figaro
Airbus 400M: 400M: the suffering the worst turbulence
Airbus: the program of A350 would be per hour
Airbus A400M : Morin wants a discussion with the EU
EADS / Airbus A400M slowed its pace
Airbus A400M: moratorium of 3 months to renegotiate the contract

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