In the MTU press release dated July 25, the company stated that it had received a $40M compensation payment from Airbus regarding delays in the A380 delivery schedule.
More precisely: MTU – as a member of the GP7000 consortium - did receive GP7000 program progress payments from the Engine Alliance for future product deliveries in order to compensate its working capital increase.
(EDITOR’S NOTE: The relevant paragraph in MTU’s July 25 press release on its interim results stated:
On this new basis, MTU now expects to achieve a year-end free cash flow in the order of EUR 120 million. In addition to improvements in cash flow from operating activities, this revised estimate also includes a one-time prepayment agreed with Airbus to compensate for the impact of delays in the A380 delivery schedule.)