A400M: Partners to Meet This Week

19.01.2010 Aviation

Facebook icon
Twitter icon
LinkedIn icon
Google icon
e-mail icon
The seven partner countries in the troubled Airbus A400M military transport aircraft program are set to meet with Airbus executives Jan. 21 in Berlin, a French defense ministry spokesman said.
The seven nations - Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey - met in London last week as doubts grew on the future of the delayed and over-budget multi-billion dollar project.

Airbus has threatened to scrap the project if it does not get more money from the partner countries and has warned this could in turn hurt the financial viability of all of Airbus, which employs 52,000 people around Europe.

Britain's defence ministry said the partners had voiced commitment to the project during their meeting in London but "not at any price."

Airbus parent group EADS has said it is ready to negotiate an "acceptable" deal over the A400M.

The seven client nations have ordered a total of 180 A400M aircraft for about $29 billion (20 billion euros) but the project has been plagued by setbacks and is expected to cost up to an additional 11 billion euros.
 

Latest Issue

Latest events

THE WORLD DEFENSE ALMANAC