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Germany: at most (EURO)2 billion extra for Airbus plane

Germany: at most (EURO)2 billion extra for Airbus plane

The seven nations that have ordered the Airbus A400M military transporter would be willing to contribute a maximum of (EURO)2 billion ($2.81 billion) in extra funding for the troubled project, a German official has said.
A German parliament newsletter published Thursday quoted the Defense Ministry as saying the governments rejected as "unfounded" EADS' request for (EURO)6.4 billion in additional funding during talks in Berlin this week.
Defense Minister Karl-Theodor zu Guttenberg said the nations are willing to continue negotiations on the project as there is "no alternative" to the A400M as a security and transport project. However, he said the sum the countries are prepared to contribute is at most (EURO)2 billion, the newsletter said.
A German defense ministry official involved in the negotiations was quoted as saying that the nations _ Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey _ "expect an offer from EADS."
Talks between the two sides broke off on Wednesday and the defense ministry said Thursday no new meeting had yet been scheduled.
EADS has given the customer governments until the end of January to reach agreement on the funding.
The A400M had its maiden flight last month. The four-engine turboprop is seen as inhabiting an important niche market between the Lockheed Martin C-130J Hercules, which carries only half the payload, and Boeing's C-17 Globemaster III, which is larger, costlier, and less tactically versatile.


Updated : 2021-04-15 08:27 GMT+08:00