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Thursday, February 27, 2014

Airbus CEO Says Turkish Delay in Taking A400M Threatens Ramp-Up

A400MAirbus Group NV (AIR) Chief Executive Officer Tom Enders said he’s frustrated by Turkey’s failure to accept delivery of the third production A400M airlifter, even though two planes are flying successfully with French forces.

Enders said today that his company is “still bargaining” over the delivery process with Turkey, which has 10 A400Ms on order and is one of seven so-called core customers that signed up for the military transport plane almost 11 years ago.

“The aircraft is ready to go,” the CEO said at a press conference. “It’s the same aircraft that we delivered to the French Air Force that has been instantly operational and fit for flight. I find the situation increasingly unacceptable.”

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