Airbus optimistic about 2018 with record orders, despite a $1.6bn charge
London — Airbus has struck an optimistic tone in its outlook for 2018, promising earnings growth of 20% — so long as it can iron out persistent problems on two aircraft programmes that have dogged the manufacturer for years. The European aircraft maker ended 2017 with a record order backlog and delivered more jets than ever before. Even so, the company booked a €1.3bn ($1.6bn) charge against the A400M military-transport model, and said meeting 2018 earnings targets will be dependent on overcoming engine issues afflicting its latest A320neo single-aisle jet. Airbus is struggling to put out fires when it should be enjoying the benefits of a surge in commercial aircraft sales that will see it hand over about 800 planes this year. CEO Tom Enders said in a statement on Thursday that the Toulouse, France-based company is working on measures to gain control over both problem programmes. "The A320neo ramp-up remains challenging and requires that the engine suppliers deliver in line with com...
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