Saudi ministers meet UK's defense secretary to strengthen bilateral ties    Saudi-French Ministerial Committee holds second meeting to advance AlUla development    Abo Noghta Castles in Tabab joins UNESCO's Best Tourism Villages list    RSAF and Saudi Falcons captivate audiences at Bahrain airshow    Mike Tyson slaps Jake Paul during final face-off    South Africa's Mia le Roux pulls out of Miss Universe pageant    US hacker sentenced over Bitcoin heist worth billions    Ten dead in fire at Spanish retirement home    UN climate talks 'no longer fit for purpose' say key experts    Questions raised over Portugal's capacity to host Europe's largest annual tech event    Delhi shuts all primary schools as hazardous smog worsens    Riyadh lights up as Celine Dion and Jennifer Lopez dazzle at Elie Saab's 45th-anniversary celebration    Mohammed Al-Habib Real Estate Co. sets Guinness World Record with largest continuous concrete pour    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    PIF completes largest-ever accelerated bookbuild offering in MENA region    Saudi Arabia's inflation rate hits 1.9% in October, the highest in 14 months    Order vs. Morality: Lessons from New York's 1977 Blackout    South Korean actor Song Jae Lim found dead at 39    Don't sit on the toilet for more than 10 minutes, doctors warn    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    France to deploy 4,000 police officers for UEFA Nations League match against Israel    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Crisis talks over transporter plane deadlocked in Berlin
Published in Saudi Press Agency on 22 - 01 - 2010


Make-or-break talks on the future of the troubled
Airbus A400M military transport aircraft project deadlocked in Berlin
today, with Germany insisting it would not pay for cost overruns, dpa reported.
The chiefs of Airbus and its parent company EADS have given the
seven nations which still have orders in place for the plane a
deadline of the end of January to pay more. Other nations such as
South Africa have cancelled their orders.
France has led calls to inject more state money into the project,
arguing that 40,000 jobs are at stake, while Germany says Airbus as a
commercial enterprise should carry its own losses.
As the Berlin talks ended fruitlessly, a German spokesman said
Chancellor Angela Merkel had just phoned French President Nicolas
Sarkozy, but declined to say if the plane was the topic.
The governments of France and Germany are the most powerful
shareholders in EADS.
Production of the type, which made its maiden flight in December,
is nearly two years late and 25 per cent over budget. The plane has
often been criticized as a superfluous attempt to imitate a trusty
workhorse plane made by the United States, the Hercules.
A total of 180 planes have been ordered, by Germany, France,
Britain, Spain, Luxembourg, Belgium and Turkey. Airbus has said that
if the seven countries do not pay more for their aircraft - or
accept fewer A400Ms for the same bill - it will scrap the project.
German Defence Minister Karl-Theodor zu Guttenberg told a news
agency, Bloomberg, "Getting less for the same money is not something
I can accept." He said he would not agree to "blackmail."
Negotiations have been ongoing for some nine months. Airbus has
already received some 5.7 billion euros (8.04 billion dollars) in
advance payments, which it would have to pay back if the talks do not
succeed and it has to scrap the plane.


Clic here to read the story from its source.