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Bloomberg: Airbus to cut German A400M deliveries

Jul. 19, 2016 8:39 AM ETAirbus SE (EADSY) StockEADSY, EADSFBy: Yoel Minkoff, SA News Editor2 Comments
  • Airbus (OTCPK:EADSY) will deliver just over half the A400M military transport planes Germany was set to receive this year, exacerbating delays in the troubled model and raising the prospect of further writedowns for the manufacturer.
  • A preliminary delivery plan Airbus presented to the country's Defense Ministry indicates the company will deliver five A400Ms in 2016, instead of the nine agreed on earlier.

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