RAF A400M military transport
NATO buyer nations to meet on A400M on Feb. 5
- sources
Reuters Staff
JANUARY 29, 2018 / 8:48 PM
BERLIN (Reuters) - NATO buyer nations will meet in London
on Feb. 5 to discuss the A400M military transport aircraft program amid a drive
by manufacturer Airbus (AIR.PA)
to win relief from heavy fines over technical snags and delays, sources
familiar with the meeting said.
The meeting was scheduled for mid-November but postponed
to February.
Airbus took a writedown of 1.2 billion euros on the
program one year ago, warning of “significant risks ahead”. The company
declined comment on next week’s meeting.
It has been in talks with officials from Belgium, France,
Germany, Luxembourg, Spain, Turkey and the UK about the way forward.
Pan-European purchasing agency OCCAR, which oversees
Europe’s largest defense project on behalf of the seven core buyer nations,
will also participate in the meeting.
Germany, the largest A400M buyer, remains in protracted
talks about forming a new coalition government. Berlin has been seen as the
buyer most opposed to a new A400M bailout.
Airbus received a 3.5 billion euro bailout from the seven
nations in 2010.
Reporting by Andrea Shalal; editing by Jason Neely
Original post: reuters.com
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