Experts inpect the wreckage of the crashed Airbus A400M near Sevilla airport on May 11, 2015. AFP PHOTO/ CRISTINA QUICLER
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Shares in Airbus Group fell Monday after the fatal crash of an A400M military plane weighed on Europe's largest and already struggling defense project, while the plane-maker pledged to overcome the tragedy.France said it would keep flying its planes, while Airbus pledged to resume flight testing Tuesday with the head of its military aircraft business, Fernando Alonso, on board.The A400M Atlas was developed for seven European NATO nations – Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey – at a cost of 20 billion euros ($22 billion), making it Europe's biggest single arms contract.The plane entered service in 2013, more than three years behind schedule, and 12 out of the 174 sold have been delivered so far.In February, Airbus took 551 million euros in charges for the latest A400M delays, bringing the total company charges over the lifetime of the project to over 4.75 billion euros.
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