UK blocks A400M deal?

Is it hello or goodbye to A400M? Airbus Military image

8 February 2010

The UK is reportedly opposed to the French-led rescue loan package.
 

February 8: The Financial Times reports that the UK is opposed to the French-led rescue loan package for the flailing Airbus Military A400M programme.

France has proposed each partner nation contributes around €400 million to a €1.5 billion repayable loan to Airbus Military’s parent company EADS in an attempt to bridge a €6.4 billion gap in the programme cost.

The FT says that Germany and Spain have welcomed the French proposal but the UK and two other partners are against fronting any more money, as they have already agreed to a €2 billion aid package. The UK government is understood to have said "The UK remains committed to the A400, but not at any cost.”

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