South African cancellation casts doubt on export future for A400M
Long delays and mounting costs have led South Africa to cancel an order for eight A400M troop transports, dealing a $5 billion blow to Airbus, the plane's manufacturer. Airbus said it was caught off-guard by the cancellation, which came just weeks before the plane was scheduled to make its first flight. Malaysia now remains as the only export customer for the A400M, and some analysts believe that makes the model untenable. "Without export potential, the development costs will never be distributed enough to make money," says Howard Wheeldon of BGC Partners in London.
New York Times, The | 11/05
This story published in AIA dailyLead on 11/06/2009
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