AFP

A400M’s gearbox hits Airbus profits 29 April, 2016

Airbus faces a potentially heavy financial hit due to problems on the engine gearbox of the A400M military transport plane. Airbus shares have fallen 6% after it warned investors of mounting costs on its A400M military aircraft programme. The world's second largest aircraft maker reported a 23% fall in first quarter operating profits to $568m . Finance director Harald Wilhelm said the financial impact from recent problems with the gearbox on the A400M's giant turboprop engines could be "significant". The four turboprop engines on the A400M are built by a European consortium comprising ITP of Spain, MTU of Germany, Rolls-Royce and Safran. Avio Aero, an Italian subsidiary of General Electric, builds the gearbox.

A400M’s gearbox hits Airbus profits

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