Denel may wind down manufacturing for Airbus A400M.
FILE PHOTO: An Airbus A400M aircraft flies during a display on the first day of the 52nd Paris Air Show at Le Bourget airport near Paris, France, June 19, 2017. 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 defence 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.
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