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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.20.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

Airborne Hi-Def On YouTube

Airborne 04.20.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

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 04.24.15: DA62 Cert, Flt Design's C4, Sporty Transitions, 1st Flt Fight

Also: Legend Cub, Piper Orders, Postal UAVs?, IMC Club 'Brown Jacket Award', X-47B Refueling The Diamond DA62 has received its EASA Type certificate. After a sunny and warm day Wed>[...]

Airborne 04.24.15: DA62 Cert, Flt Design's C4, Sporty Transitions, 1st Flt Fight

Also: Legend Cub, Piper Orders, Postal UAVs?, IMC Club 'Brown Jacket Award', X-47B Refueling The Diamond DA62 has received its EASA Type certificate. After a sunny and warm day Wed>[...]

Airborne 04.23.15: Able Flight, Diesel Archer, RutanRC!

Also: United Bars Security Expert, Airborne Advisors, NTSB Video, Avidyne, Cessna, Airport Access Tempest Plus Marketing Group has announced support for Able Flight as a Platinum L>[...]

ANN's Daily Aero-Linx (04.25.15)

Helicopter History Site This historical evolution of rotary wing aircraft is dedicated to all those that were involved in the development of the most versatile vehicle known by man>[...]

ANN's Daily Aero-Term (04.25.15): Previously Manufactured Aircraft

Existing aircraft-like vehicles meeting the definition of light-sport aircraft that do not meet the provisions of 14 CFR part 103, Ultralight vehicles, and are in a ready-to-fly co>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC