In its half-year 2016 results, Airbus Group reported a 4% decline in revenue to XX and disclosed two new write downs: the first is a €1bn charge for the A400M military aircraft programme; with the A350 programme charge reaching €385 million. Tom Enders, Airbus Group Chief Executive Officer, said that although the company continues to see high demand for its products, the company has had to “cope with new charges on the A400M and A350 programmes. Significant capital gains from the portfolio reshaping mitigated these programme losses but that does not make them more acceptable!” Airbus stated that the A350

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