Positive outlook: A new Airbus A380 airliner leaves the paintshop hangar at an Airbus facility near Hamburg. An analyst says the 2019 outlook is above consensus and made Airbus the ‘favourite in waiting’ among European capital goods stocks. — Reuters
TOULOUSE: Airbus SE chief executive officer Tom Enders scrapped the company’s totemic but unprofitable A380 jet and booked more than €1.1bil (US$1.2bil) in charges to leave a clean slate for his successor.
In addition to scrapping the flagship superjumbo, Enders, who stands down in April, announced extra costs for restructuring the A400M military transport programme and revealed the loss of a major order for its newest wide-body jet.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
