Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Engine core cleared in Airbus A400M investigation - sources

Published 13/02/2017, 20:39
© Reuters. An Airbus A400M military aircraft lands at the ILA Berlin Air Show in Schoenefeld
AIR
-
RR
-
SAF
-

PARIS/BERLIN (Reuters) - An oil leak that grounded an Airbus (PA:AIR) A400M military plane with a German government minister on board does not point to a fundamental new problem with the West's largest turboprop engines, three sources close to the matter said.

Last week's breakdown was on a trip that was meant to showcase the aircraft's capabilities as Airbus seeks to win back confidence in the troubled A400M project from its largest purchasing nation.

German military officials initially said the leak appeared to be linked to the hydraulic system used to adjust the turbine blades in one of the four powerful A400M engines.

However, two of the three sources said the leak had been found between the propellers and the nacelle, or engine housing, which are part of the power system but not components of the engine itself.

"It doesn’t look like it came from the core of the engine," the third source said.

The German air force declined to comment.

If confirmed, the findings are likely to ease concerns over fresh delays in the 20 billion euro (16.96 billion pounds) project, which is already years behind schedule and heavily over budget.

However, the breakdown represents a public relations blow for Airbus, which is still grappling with previous problems that led to write-off amounting to more than 5 billion euros.

Defense Minister Ursula von der Leyen was forced to switch planes after visiting troops in Lithuania in what the ministry described as a "very aggravating" incident.

Problems with the engines, including software and an Italian-built gear component, contributed to years of delays and cost overruns in Europe's largest multinational defense project.

A German military source familiar with the program said last week that the latest incident appeared to involve a routine and relatively minor technical problem.

The propellers are made by France's Ratier-Figeac on behalf of Airbus, which supplies the nacelle.

The main part of the engine is supplied by a four-nation consortium led by Britain's Rolls-Royce (L:RR) and France's Safran (PA:SAF).

Airbus reiterated that it is doing what it can to support the investigation.

A spokesman declined to comment in detail on the incident, saying the investigation is being handled by the German air force. The aircraft was flown to a German air base late last week.

© Reuters. An Airbus A400M military aircraft lands at the ILA Berlin Air Show in Schoenefeld

($1 = 0.9435 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.