Airbus CEO Enders Expects A400M Financing Deal | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 09.19.14 ** HD iPad-Friendly -- Airborne 09.19.14 **
** Airborne 09.17.14 ** HD iPad-Friendly -- Airborne 09.17.14 **
** Airborne 09.15.14 ** HD iPad-Friendly -- Airborne 09.15.14 **

Fri, Feb 26, 2010

Airbus CEO Enders Expects A400M Financing Deal

Project Still $7 Billion Short

Thomas Enders, the president and CEO of Airbus says he is confident that the NATO countries who are partners in the A400M project will come to an agreement on how to share the cost overruns for the long-delayed military transport.

Britain, France, Germany, Spain Belgium, Luxembourg, and Turkey are working to come up with an equitable plan that will provide enough money for the program to continue. EADS has said it is ready to discontinue the A400M unless the seven nations can find an additional $7 billion for the plane.

The international news service AFP reports that Enders made the comments while in Tokyo.  "I believe that we are close to an agreement," he said, adding "I think we get a significant contribution from the nations to this important project."

Spanish Defence Minister Carme Chacon said Wednesday an agreement had been reached in principle, but a spokesman for the German Defense Ministry said so far there has been "no written response" on the part of the seven nations on the proposal.

Those seven nations have ordered 180 of the A400M airlifters worth about $27 billion. Those orders were made in 2003, and the plane didn't fly until the very end of last year, nearly 7 years later. Enders said that, at the time, the company made a mistake in accepting a contract that was clearly not founded appropriately and accepting a timeline that was not appropriate."

FMI: www.airbus.com

Advertisement

More News

Airborne 09.19.14: Cool City R44 Cert, Reno Rumblings, Sierra Re-Jets The CJ

Also: Eclipse Improvements, AEA Urges NextGen GA Fund Adoption, FAA OKs External Cams, GA Accident Rate Declines The FAA has granted an STC to Cool City Avionics for the installati>[...]

Airborne 09.17.14: Boeing/SpaceX Win CCtCap, Flying Docs Endorse, Jetpack Bucks

Also: Chris Heintz, Lear 70/75 Certs, Beluga Birthday, Leap Frogs 9/11 Jump Cancelled, Lawyers Sue NTSB The Commercial Spaceflight Federation congratulates NASA and the winners of >[...]

Aero-TV: AT LAST!!! - Avidyne’s IFD540 Receives Certification

Avidyne's Long-Awaited IFD540 Finally Gets A Chance To Show Its R9 Roots If you are looking for the bells and whistles of modern avionics you missed an opportunity if you were not >[...]

ANN's Daily Aero-Linx (09.20.14)

ASTM International ASTM International, formerly known as the American Society for Testing and Materials (ASTM), is a globally recognized leader in the development and delivery of i>[...]

ANN's Daily Aero-Term (09.20.14): Basic Empty Weight (GAMA)

Basic empty weight includes the standard empty weight plus optional and special equipment that has been installed.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC