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Airbus posts €1.36 Billion (~$1.5 billion) in losses after bribery scandal/A400M

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posted on Feb, 14 2020 @ 10:41 AM
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Financial reporting from Airbus is coming out a few days after the Airbus bribery scandal was settled. The settlement and the ongoing A400M debacle are being widely cited as the main contributors. Could be a liquidity problem coming up. Same with Boeing taking on more debt recently to cover the MAX.
More countries are starting probes after the three-country joint settlement.
Not how to take advantage of the Boeing situation...


The rosy take:


“We achieved a great deal in 2019. We delivered a strong underlying financial performance driven mainly by our commercial aircraft deliveries,” said Airbus Chief Executive Officer Guillaume Faury. “The reported earnings also reflect the final agreements with the authorities resolving the compliance investigations and a charge related to revised export assumptions for the A400M. The level of confidence in our ability to continue to deliver sustainable growth going forward has led to a dividend proposal of € 1.80 per share. Our focus in 2020 will be on reinforcing our company culture, improving operationally, and adjusting our cost structure to strengthen the financial performance and prepare for the future.”

edit on 14-2-2020 by RadioRobert because: (no reason given)




posted on Feb, 14 2020 @ 10:55 AM
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There was an article recently about Airbus failing to shine while Boeing is having their problems, but it seems like they're trying to take "failure to shine" to a new level the last few weeks.



posted on Feb, 14 2020 @ 11:09 AM
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a reply to: Zaphod58

They are both considered "too big to fail", so corporate culture has no reason to act responsibly and mitigate risk. They know some government is going to infuse money into them via direct infusion like Airbus, subsidies, or welfare orders, so there's no fear of failure tempering behaviours.



posted on Feb, 14 2020 @ 11:38 AM
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a reply to: RadioRobert

And meanwhile people actually think Comac is going up break up the duopoly.



posted on Feb, 15 2020 @ 12:58 AM
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a reply to: Zaphod58

Inevitable



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