Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

Airbus says US to biggest customer for A400M military transport plane

byCustoms Today Report
12/06/2015
in Uncategorized
Share on FacebookShare on Twitter

NEW YORK: European aircraft maker Airbus believes the United Staimagetes will be the biggest customer for its

A400M military transport plane, despite a fatal crash involving one of them during a test flight last month.

You might also like

Pakistan, Iran agree to keep border crossings open round the clock to boost trade

15/08/2026

Rs563m bank cheques dishonored during FY 2020-21, says report

15/08/2026

“By the next decade at the latest, the US armed forces will be the biggest customer for the aircraft,” Airbus chief executive Tom Enders told the weekly magazine WirtschaftsWoche in an interview.

Despite its current technical problems, there was no other rival product at the moment, Enders argued.

Boeing’s C-17 was larger and Lockheed Martin’s C-130 was smaller.

“But a lot of countries don’t want either extreme. For the next few years, there will only be one alternative, the A400M, which is also a lot more fuel-efficient and more versatile,” he said.

An A400M plane crashed during a test on May 9 near Seville in Spain, killing four of the six people on board and seriously injuring the two others.

The A400M, a large, propeller-driven transport aircraft, was launched in 2003 and is assembled in Seville. But Britain, Germany, Turkey, Malaysia and Spain grounded their A400M planes after the crash.

An initial analysis of the black boxes revealed that three of the aircraft’s four engines failed, Airbus has said.

Enders said Airbus was sticking to its sales and earnings targets for this year, despite the crash.

“We’re on the right path to achieve our published goals for 2015,” the CEO said.

Airbus is looking to increase both sales and earnings this year.

“In 2014, our operating profit was four billion euros on sales of 60 billion euros,” he said. Cash flow was positive, at 88 million euros, compared with a negative cash flow of around one billion euros in 2013.

Turning to the possibility of upgrading its super jumbo A380, Enders said a decision would be reached by the end of this year.

“The administrative board will need until the end of the year to get a full picture of the situation and to reach a decision,” Enders said.

“It is one of the most difficult product decisions of the last few years. But it’s clear: there won’t be an A380 with new engines for just one customer.”

Dubai’s Emirates Airline in particular is pushing for a more fuel-efficient variant of the superjumbo.

Enders said Airbus had succeeded in reducing fuel consumption of the A380 by several percent even without the engines.

Tags: Airbus

Related Stories

Pakistan, Iran agree to keep border crossings open round the clock to boost trade

byCT Report
15/08/2026

ISLAMABBAD: Pakistan and Iran on Wednesday agreed to further expand trade ties by keeping border crossings open round the clock,...

Rs563m bank cheques dishonored during FY 2020-21, says report

byCT Report
15/08/2026

LAHORE: It has been revealed that bank cheques worth over Rs563.2 million, belonging to industrialists, have been dishonored. The audit...

FBR slaps new daily fines on delayed customs clearance starting Oct 1

byCT Report
15/08/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced new graded penalties for delays in filing goods declarations and clearing...

Pakistan’s foreign exchange reserves rise by $14m to $22.5b

byCT Report
15/08/2026

KARACHI: Pakistan’s total liquid foreign exchange reserves increased by $14 million during the week ended August 7, 2026, reaching $22.498...

Next Post

Honda Motor Co to spend 44.8b yen for recall of cars fitted with air bag parts made by Takata

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.