Sat, Feb 06, 2010
French Officials Urging Partners To Dig A Little Deeper
French Defense Minister Herve Morin said Thursday that an
additional $2 billion will be needed to complete the A400M, Airbus'
troubled military airlifter. The request comes on the heels
of $2.7 billion recently pumped into the project by the 7 partner
nations.
The international news service AFP reports that Airbus' parent
company EADS has sought $8.7 billion from Germany, France, Spain,
Britain, Belgium, Luxembourg and Turkey, but they have imposed a
three-week deadline on the company to reach a deal to get the
beleaguered aircraft into production. Airbus is currently
flight-testing the A400M in Spain.
Morin told reporters following a meeting with his counterparts
in Istanbul "I have the prime minister's agreement for France to
extend a refundable advance of 400 million Euros." The French hope
the other partner nations will make similar contributions. Airbus
has threatened to scuttle the project entirely if it is not able to
secure additional money from the partner nations.
Between them, the seven nations have ordered 180 or the heavy
airlifters worth about $28 billion. Airbus has been conducting
meetings with its partners in conjunction with a NATO meeting going
on in Istanbul. Thursday, a spokesman for the German defence
ministry said there had been "substantial progress" in talks over
the A400M, with "a broad agreement on delivery times and technical
parameters."
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