Rising costs have led Airbus to take a €434 million one-off charge against the A350 program in the Q4/2013. Chief Financial Officer Harald Wilhelm, presenting Airbus Group´s 2013 financial results in Toulouse, underscored Airbus´ confidence that it will deliver the first A350 before the end of 2014.
However, Wilhelm said a “bottom-up program review” concluded that A350 recurring costs would be higher than previously thought.
Tom Enders, Airbus Group Chief Executive added that he could give no guarantees that this would be the last charge against a program that “remains challenging”.
Based on the article “A350´s costs rise with €434m charge” published in Flight International.