Airbus expects to break even in 2010: company

4th May 2010, Comments 0 comments

European aircraft maker Airbus is expected to return to break-even this year after losses in 2009, managing director Fabrice Bregier told jouralists here on Monday.

The Toulouse-based plane manufacturer suffered an operating loss of 1.371 billion euros (1.8 billion dollars) due to big provisions to cover cost over-runs on its A400M military transport project and A380 superjumbo jet.

Airbus' difficulties had plunged the parent company EADS into the red last year.

But Bregier said Airbus expects to deliver 20 of the A380 airliners in 2010 despite some technical difficulties and a strike by employees last week.

Unions at Airbus's French sites called an end to the strikes on Friday after management offered to reopen pay talks.

For a week, unions at three Airbus plants organised rotating strikes on assembly lines to press demands for higher pay and oppose moves to shift some production to Germany.

Management had refused to raise an offer of a 1.9 percent pay rise for 2010 but on Friday said it agreed to negotiate with unions demaind a 3.5 percent pay rise.

The two sides are set to resume talks on Tuesday.

-- Dow Jones Newswires contributed to this report --

© 2010 AFP

0 Comments To This Article