Airbus to recoup some engine nacelle work from suppliers

Updated: Thu, Oct 05, 2017
12:53 am
Reuters
RELATED NEWS
RBI surprises by keeping repo rate unchanged, slashes growth forecast; read experts' views RBI surprises by keeping repo rate unchanged, slashes growth forecast; read experts' views
Down, down they go: Emerging central banks deliver more rate cuts Down, down they go: Emerging central banks deliver more rate cuts
2.10 cr tax refunds of Rs 1.46 lakh cr till Nov 28: CBDT 2.10 cr tax refunds of Rs 1.46 lakh cr till Nov 28: CBDT

Airbus told European governments on Wednesday that it has made a strategic decision to bring the design of some nacelles or aircraft engine casings inside the company, rather than leaving it with suppliers, according to a presentation on its website.

It also said the troubled A400M military plane project will continue to "weigh significantly" on cashflow in 2017 and 2018 in particular, according to the presentation prepared on Oct. 4 and presented on Wednesday to governments that own shares in the European planemaker: France, Germany and Spain.

An Airbus spokesman confirmed the in-sourcing decision in the case of nacelles made by United Technologies for engines supplied by the same company to power the A320neo jetliner.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)