NATO buyers to meet on A400M
NATO buyer nations will meet in London on Feb. 5 to discuss the A400M military transport aircraft program amid a drive by manufacturer Airbus to win relief from heavy fines over technical snags and delays, sources familiar with the meeting said on Jan. 29.
The meeting was scheduled for mid-November last year but postponed to February. Airbus took a writedown of 1.2 billion euros on the programme 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.
Airbus received a 3.5 billion euro bailout from the seven nations in 2010.