💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Airbus says hopes to resume A400M pre-delivery test flights soon

Published 06/07/2015, 12:46 PM
© Reuters. People are silhouetted past a logo of the Airbus Group during the Airbus annual news conference in Colomiers
AIR
-

PARIS/MADRID (Reuters) - Airbus (PA:AIR) hopes to be able to restart production test flights of its A400M military aircraft soon, paving the way for a rapid resumption of deliveries that were halted following a recent crash, the company said on Sunday.

Its chief executive simultaneously moved to allay Spanish concerns about its workers carrying the blame for the accident, which has been linked in part to a software installation error.

The plane crashed minutes into a pre-delivery test flight on May 9, prompting Spain to halt similar flights and thus effectively suspending deliveries of the troop and cargo plane.

"We hope to be able to fly our production aircraft soon. There are two aircraft ready to start the delivery process as soon as the temporary suspension of the license has been lifted," an Airbus Defence & Space spokeswoman said on Sunday.

On Saturday, Spain's defense minister was quoted as saying the Madrid authorities had scheduled a meeting with Airbus on Monday to pose a series of questions following the crash.

"If the answers to the questions are positive, test flights of the grounded prototypes will be restarted and, from there, the authorization for the others will start being granted. It's all about allowing the company to implement the corrections they consider appropriate and to continue to operate, which is what we want," Pedro Morenes told newspaper El Pais.  

He also warned against scapegoating Spanish workers over the incident.  

"As Fernando Alonso (head of Airbus' military aircraft division) said, this is not a problem of Seville, Toulouse or Hamburg, but of Airbus. The responsibility of this company's products is the company itself, independently of where they're produced."

A senior Airbus executive was quoted last month as blaming the crash on poor quality controls in Seville where the A400M is completed. The remarks ruffled feathers in Spain, where an investigation is continuing into the causes of the crash.

Airbus Group Chief Executive Tom Enders sought on Sunday to smooth the concerns.

"I fully agree with Pedro Morenes, it is a matter for Airbus as a whole and not just Sevilla or our hardworking and extremely dedicated people producing the A400M," Enders said in remarks relayed by the spokeswoman.

© Reuters. People are silhouetted past a logo of the Airbus Group during the Airbus annual news conference in Colomiers

He expressed full confidence in Alonso to take the right decisions on the A400M together with Spanish authorities.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.