If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Airbus A400M "saved for now"

26-07-2009 1:17pm

#1

Tabnabs

Moderators, Recreation & Hobbies Moderators, Sports Moderators Posts: 15,790 Mod ✭✭✭✭

Join Date: August 2006

Posts: 14686

Video

Europe’s largest defence project – the much delayed Airbus A400M military transport plane – has been saved, for the moment.

A crisis meeting has agreed to a request from Airbus’ parent, EADS, to renegotiate the cost and scale of the programme.

Defence ministers from Nato members Germany, France, Britain, Belgium, Luxembourg, Spain and Turkey reached the agreement.

The meeting was called because the countries that had ordered planes are concerned about major delays and cost overruns.

More than 4,000 jobs are at stake in the 20 billion euro programme and EADS would be ruined if it were cancelled as the aerospace company would have to repay the 5.7 billion euros spent so far; it’s already facing penalties.

The plane is supposed to replace ageing US-made Lockheed C-130 Hercules transports but it is at least four years behind schedule due to engine development problems.

0