Denel aims to end Airbus aircraft work in 18 months

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.

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