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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fugro NV | EU:FUR | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.08 | 0.35% | 23.04 | 22.90 | 23.10 | 23.06 | 22.76 | 22.84 | 283,337 | 16:40:00 |
By Robert Wall and Christopher Bjork
An Airbus Group NV military transport plane crashed near Seville, southern Spain, killing as many as 10 people on board, Spanish Prime Minister Mariano Rajoy said Saturday.
An Airbus spokesman confirmed that an A400M transport plane had crashed in Seville and that the plane was one due for delivery to the Turkish air force. Airbus has dispatched technical experts to the scene, he said.
Spanish state broadcaster TVE said two crew members had been sent to a local hospital with very serious injuries.
Mr. Rajoy said the crew appeared to be Airbus workers, not military personnel.
The crash is the first of an A400M military airlifter, which Airbus assembles at a plant in Seville.
The U.K. Defense Ministry said it had temporarily stopped flying its fleet of two A400M transport planes as a precautionary measure until more is known about why the aircraft, which wasn't a British aircraft, went down.
Airbus has struggled with development and production of the four-engine turbo-propeller plane. The program has run over cost and behind schedule.
The crash comes during another difficult period for the program. Airbus in January replaced the head of the military aircraft unit because of sustained technical and production problems on the aircraft. The company's 2014 full-year results included a a EUR551 million ($618 million) charge on renewed problems in building the plane that previously weighed on results.
Airbus has sold 174 of the military cargo planes, with orders from eight countries. The first was delivered to the French air force in 2013. Turkey, the U.K. and Germany are among the countries to have received A400M cargo planes.
The plane maker was starting to aggressively promote the plane in export markets around the world in the hope of securing more orders. Airbus officials have said they won't make money on the plane unless they secure additional deals after the development program ran billions of dollars over cost. Airbus at one point considered abandoning the program because of cost overruns.
Write to Robert Wall at robert.wall@wsj.com
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