Buyers resubmit "final" A400M offer -Germany
Buyer nations presented a final funding offer for the A400M military transporter plane to Airbus parent EADS on Friday without changes to a previous rescue plan, a German defence ministry spokesman says.
The spokesman said seven European NATO buyers were ready to accept a cost increase of 2 billion euros ($2.7 billion) for the transporter and to offer export guarantees of 1.5 billion euros. However, they rejected further negotiations on financial or technical matters, he added.
EADS has been in negotiation for months for a rescue package for the troop carrier after technical problems and delays pushed Europe's largest defence project deep into the red. "The buyer nations put forward their final offer on February 19th," said the spokesman.
"They are sticking to the position they took on February 15th. They accept price increases of 2 billion euros and said they were prepared to offer export guarantees of 1.5 billion euros."......