Latecoere denies seeking 787 penalties

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French manufacturer Latecoere is denying that it is seeking penalties from Boeing over the impact of delays to the 787 programme.

The company, which released first-half figures yesterday, is blaming a projected fall in full-year revenues on the 787 hold-up, and reportedly indicated that it would pursue compensation from Boeing.

But Latecoere has today clarified that it does not have any intention of "negotiating or bargaining with Boeing for the acquisition of penalties" over the 787.

It adds that "normal business" will continue under its contract with the US airframer.

The French company recorded higher inventory in its half-year report because the 787 programme is still in a start-up phase.

Latecoere is reportedly planning to cut 1,000 positions from its workforce, although it says this reduction will mainly affect temporary and short-term workers.