A Denel spokesperson said terms were not yet finalised with Airbus about stopping production for the A400M aircraft
A mechanic works on an Oryx helicopter engine in a workshop hangar on the Denel Aviation site in Boksburg. Picture: KEVIN SUTHERLAND
Under a new management team Denel, a cornerstone of SA's once mighty defence industry, is battling to emerge from a financial and operational crisis. But in a presentation dated March 29, Denel said a “managed exit with Airbus” could bring it an annualised benefit of R250m. A Denel spokesperson said terms were not yet finalised with Airbus about stopping production for the A400M.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Denel aims to end Airbus A400M work within 18 monthsDenel said it could wind down production for the A400M as part of a turnaround plan.
Read more »
Airbus names former Deutsche Telekom boss as next chairRené Obermann will chair the aerospace company from 2020, signalling a Franco-German balance at its helm
Read more »
EU threatens $12bn in tariffs over US Boeing subsidiesThe Boeing-Airbus trade row has rumbled on for 14 years with the EU and US accusing each other of doling out illegal state aid to their respective aeronautical champions
Read more »
Denel aims to end Airbus A400M work within 18 monthsDenel said it could wind down production for the A400M as part of a turnaround plan.
Read more »
Sibanye strike ends after Amcu accepts old offer five months later | IOL NewsAlmost five months later, the strike by members of of Amcu at Sibanye-Stillwater's South African gold operations has ended.
Read more »
Sibanye strike ends after Amcu accepts old offer, 5 months laterAt least 15,000 Amcu members downed tools on November 21, 2018 at Sibanye's gold operations of Driefontein, Kloof, and Beatrix mines.
Read more »
If you vote for Ramaphosa, within 18 months you'll be asking for Zuma to come back: MashabaCity of Johannesburg mayor Herman Mashaba has warned South Africans who plan to vote for Cyril Ramaphosa as president in the upcoming general elections that within 18 to 24 months they will be asking for his predecessor, Jacob Zuma, to come back.
Read more »
If you vote for Ramaphosa, within 18 months you'll be asking for Zuma to come back: MashabaCity of Johannesburg mayor Herman Mashaba has warned South Africans who plan to vote for Cyril Ramaphosa as president in the upcoming general elections that within 18 to 24 months they will be asking for his predecessor, Jacob Zuma, to come back.
Read more »
Three killed in aircraft runway accident near EverestThe accident happened at Lukla airport which is the main gateway to the Everest region and is reputed to be one of the most difficult in the world for landings and take-offs.
Read more »