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Tim Hepher and Cyril Altmeyer
PARIS (Reuters) – Airbus Group Thursday replaced the head of its military aircraft division, drawing the consequences of the “critical” s program A400M transport aircraft whose industrial ramp-up is accompanied by further delays.
The European aerospace and defense group has appointed Fernando Alonso at the head of its military aircraft activity to replace Domingo Ureña-Raso, as announced by Reuters, following the new challenges of a European program that has already cost more than 20 billion euros.
The action accuses the blow to the Paris Bourse. The action, which gained more than 1% in early afternoon finished down 1.39% to 48.275 euros.
Airbus Group expects to pay penalties to customers A400M country that has experienced further delays, said the executive chairman of the group, Tom Enders.
“We certainly have to pay penalties, we need money to our customers, “he said at a reception with the press in Paris.
” This time we will not return to our customers to request additional funds. This is the group to settle this, “he added, referring to the bailout of € 3.5 billion achieved in 2010 from seven client countries .
Airbus Defence & amp; Space announced last week that it would present by the end of February the A400M delivery schedule for 2015 with its various client countries, after delays reported by Germany.
“Given the plight of the program, a monitoring committee will be set up under my leadership to ensure a close relationship with our key customers, “said Bernhard Gerwert, head of the division Airbus Defence & amp; Space in a letter to staff that Reuters had access.
He also Spanish Fernando Alonso, 58, will take office on March 1. He leads since 2007 flight testing of military aircraft of Airbus, built in early 2014 in the new Airbus Division Defence & amp; Space.
The integration of military capabilities and industrial ramp of the program, of which 170 units were ordered, did not live up to the expectations of the group, said in a statement Bernhard Gerwert .
“This is unacceptable and we will fix it,” he promises.
BREAKDOWN OF TASKS ON A400M
The program will be restructured and all industrial activities A400M are met within the operational arm of Airbus Defence & amp; Space led by Pilar Albiac-Murillo says the division of aerospace and defense group in a statement.
The other activities related to the A400M, as the development and deliveries to customers will remain at in the military aircraft segment, led by Rafael Tentor, the boss of the program.
The French army already uses six copies, the first of the program delivered in August 2013. Paris hopes to receive up four this year, including two new standards that will include equipment drops, drops of men and refueling.
The group, which will publish its annual results on 27 February, had reported in November 2014 delays in adding new features in some aircraft, particularly in terms of refueling. [ID: nL6N0T40HU]
In addition to the A400M, the Airbus Division Defence & amp; Space groups including the aircraft-MRTT and Eurofighter, produced in a joint venture with BAE Systems and Finmeccanica.
(Edited by Matthias Blamont)
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