Air­bus ba les to take off

The Citizen (KZN) - - World - Paris

– Air­bus yes­ter­day re­ported a net loss of €1.36 bil­lion (R22 bil­lion) in 2019 af­ter be­ing hit by a €3.6-bil­lion fine over a bribery scan­dal and ex­tra de­vel­op­ment costs for the A400M trans­port air­craft.

The firm said op­er­at­ing profits rose to €6.9 bil­lion, adding that it ex­pected to de­liver about 880 com­mer­cial planes in 2020, against 863 in 2019.

The com­pany said com­mer­cial air­craft or­ders in­creased to 768 last year from 747 in 2018.

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