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Old 19th Feb 2010, 07:05
  #685 (permalink)  
ORAC
Ecce Homo! Loquitur...
 
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Looks like the deal is done...

FT: Airbus uneasy over A400M rescue deal

A deal to rescue the A400M military transport aircraft was getting closer, the head of the group struggling to make the aircraft said yesterday.

However, Airbus chief Tom Enders said the €3.5bn ($4.8bn) rescue package the European customers for the aircraft offered this week would not leave his group or its parent, EADS, in "a comfortable position".

"We've made progress. It is undeniable," Mr Enders told the Financial Times. "I call it the bare minimum of what we need to continue the programme. There are still quite a few important questions and clarifications needed. I think there's a good chance that we can come to an agreement. But you won't see me being enthusiastic. It would be good news for suppliers and employees, but financially and resources-wise it would remain a burden for years to come."

A final decision on the deal could be taken when it is discussed at a European defence ministers' meeting in Spain next week.........

Last edited by ORAC; 19th Feb 2010 at 10:01.
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