{"id":4152,"date":"2019-03-31T23:07:49","date_gmt":"2019-04-01T04:07:49","guid":{"rendered":"http:\/\/planesintheair.com\/?p=4152"},"modified":"2019-03-31T23:07:54","modified_gmt":"2019-04-01T04:07:54","slug":"denel-may-wind-down-airbus-a400m-manufacturing","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=4152","title":{"rendered":"Denel May Wind Down Airbus A400M Manufacturing"},"content":{"rendered":"\n

JOHANNESBURG (Reuters) – South African state arms company Denel is in talks with Airbus about winding down production of parts for the European planemaker’s A400M military aircraft, Denel said on Saturday.<\/p>\n\n\n\n

Denel, a cornerstone of South Africa’s once mighty defense industry, is battling to emerge from a financial and operational crisis. In February it said it could sell stakes in some divisions as part of a strategy to return to profits within two years.<\/p>\n\n\n\n

The company has also been trying to renegotiate onerous contracts and exit parts of its business which are no longer viable, after making a 1.7 billion rand ($117 million) loss in the 2017\/18 financial year.<\/p>\n\n\n\n

Denel said it was yet to finalize terms with Airbus for the winding down of production for the A400M.<\/p>\n\n\n\n

“The two companies agreed that the continued manufacturing of aircraft parts by Denel is no longer sustainable in its current form,” Denel said in a statement. “Alternative options are now being considered between the two parties.”<\/p>\n\n\n\n

Denel will try to minimize the impact on jobs at its Aeronautics division, it added.<\/p>\n\n\n\n

(Reporting by Alexander Winning; Editing by David Holmes)<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

South African state arms company Denel is in talks with Airbus about winding down production of parts for the European planemaker’s A400M military aircraft, Denel said on Saturday. Denel, a cornerstone of South Africa’s once mighty defense industry, is battling to emerge from a financial and operational crisis.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[798,89,1836,2203,1397,868],"tags":[890,836,47,464,502,3930,160,655,3932,1268,3929,3664,1180,1681,3295,889,412,1958,689,515,1288,1993,1634,2579,1691,3931],"class_list":["post-4152","post","type-post","status-publish","format-standard","hentry","category-airbus-news","category-aviation-news","category-defense-news","category-finance-news","category-stock-news","category-transportation-news","tag-a400m","tag-africa","tag-airbus","tag-aircraft","tag-airplane","tag-arms","tag-aviation","tag-company","tag-crisis","tag-defense","tag-denel","tag-down","tag-european","tag-industry","tag-johannesburg","tag-military","tag-news","tag-parts","tag-planemaker","tag-production","tag-reuters","tag-south","tag-state","tag-talks","tag-transport","tag-wind"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4152"}],"version-history":[{"count":2,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4152\/revisions"}],"predecessor-version":[{"id":4155,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4152\/revisions\/4155"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}