Thursday 27 February 2020 ,
Thursday 27 February 2020 ,
Latest News
  • Bangladesh world’s most polluted country: Report
  • Road crash kills 2 women in capital
  • ‘Casino vault’ busted
  • Tigers outplay Zim by innings, 106 runs
  • Iranian minister tested positive
  • Declare Mar 7 as nat’l day
  • 11th anniv of Pilkhana carnage observed
  • No coronavirus patient detected yet in Bangladesh: Minister
  • Former Egyptian president Hosni Mubarak dies at 91
13 February, 2020 05:07:21 PM
Print

Airbus reports 2019 net loss of 1.36 bn euros

Independent Online/AFP
Airbus reports 2019 net loss of 1.36 bn euros
Airbus reports a net loss of 1.36 billion euros in 2019 after being hit by a 3.6-billion-euro fine over a bribery scandal

Airbus on Thursday reported a net loss of 1.36 billion euros in 2019 after being hit by a 3.6-billion-euro fine over a bribery scandal and extra development costs for the A400M transport aircraft.

The firm said operating profits rose to 6.9 billion euros ($7.5 billion), adding that it expected to deliver about 880 commercial planes in 2020 against 863 in 2019.

"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."

Airbus has agreed to pay 3.6 billion euros in fines to Britain, France and the United States to settle corruption inquiries sparked by suspicious sales.

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

HM

Comments

Video
More Business Stories

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting