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Airbus Group SE (EAD.PA)

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  • Reuters3 hours ago

    Airbus seeks new talks with European nations over A400M costs

    Airbus (AIR.PA) called for new talks with European governments to ease "heavy penalties" for delays to its A400M military aircraft on Wednesday, after taking a fresh 1.2-billion-euro ($1.3 billion) charge in the latest blow to Europe's largest defense project. Chief Executive Tom Enders told reporters the aerospace group was still paying for the "original sin" of striking an unrealistic procurement deal when the plane was launched in 2003. Airbus won a 3.5 billion euro bailout from seven European NATO nations in 2010 after being saddled with liability for wild cost overruns on its engines.

  • The Glitch Bill for Airbus’s Troop Carrier Just Hit $7.35 Billion
    Bloomberg6 hours ago

    The Glitch Bill for Airbus’s Troop Carrier Just Hit $7.35 Billion

    Airbus Group SE booked new charges against the delayed A400M military-transport plane and warned that cost overruns will extend into 2018 at least, overshadowing company forecasts for increased earnings ...

  • Reuters20 hours ago

    Airbus faces multiple challenges as it enters new era

    Airbus will draw a line under two decades of M&A dealmaking and frenetic orders on Wednesday as it reports its first results since the European aerospace and defence group unified under its dominant planemaking arm last month. The sense of Airbus entering a new era is palpable, with the complex reorganisation set in motion by the swallowing of parent Airbus Group (formerly EADS), by the subsidiary it was created to oversee, coinciding with waning demand from airlines. EADS was created in 2000 from multiple mergers to form a civil and defence giant, incorporating the older Airbus, and later became Airbus Group.