Airbus pledged higher jet deliveries and operating profit this year, after an international bribery settlement and problems with the A400M transport plane plunged the aerospace group to a $1.48 billion net loss for 2019
) pledged higher jet deliveries and operating profit this year, after an international bribery settlement and problems with the A400M transport plane plunged the aerospace group to a 1.36 billion euro net loss for 2019.
Airbus turned in a “strong underlying financial performance”, Chief Executive Guillaume Faury said, and will focus this year on operational and cost improvements as well as “reinforcing our company culture.” Airbus shares were down 1.3% at 1002 GMT. The group also announced a deal to buy Canadian group Bombardier’s remaining stake in the A220 jet programme, part of a market for smaller passenger planes shaping up to be another major battleground with Boeing.
The bribery settlement, which has prompted investigations by foreign governments and some protests that they were not forewarned, remains positive for the “vast majority” of ongoing customer relationships, the Airbus CEO said.
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