Airbus Halves Planned A400M Deliveries to Germany In 2016

Airbus Group SE 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 write-downs 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, according to people familiar with the matter, who asked not to be identified because the information is confidential. The air force received its first plane from this year’s batch last Wednesday.

A ministry spokeswoman said Airbus has presented “a first delivery and retrofit plan” and is being asked to provide further details. She declined to comment on the number of aircraft Germany expects to receive. Kieran Daly, an Airbus spokesman, said in an e-mail that delivery schedules with customers for this year are still being finalized. (end of excerpt)

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