Crown Prince, Kuwaiti prime minister discuss strengthening bilateral ties in NEOM    911 emergency centers handle over 2.7 million calls in July    Civil Affairs proposes amendment to death reporting rules for resident expatriates    Commemorative stamp issued honoring Prince Khalid Al-Faisal    Saudi central bank submits new banking draft law to legislative authorities    Saudi report shows 97.7% of businesses have internet access, 57.7% use social media    Mohamed Yousuf Naghi Motors and alfanar partner to deliver seamless home EV charging solutions across Saudi Arabia Powering the future of mobility    Ministry launches Non-Profit Precious Metals and Gemstones Association to boost industry    Netanyahu asks Red Cross to help hostages in Gaza, as families warn against an 'expanding war'    Poland extends border controls with Germany, Lithuania until October 4 over migration concerns    New Zealand woman arrested after two-year-old found in luggage    Al Qadsiah sign Saudi starlet Musab Al Juwayr from Al Hilal    Salm Al-Dawsari returns to Al Hilal training after injury layoff    Pakistan monsoon death toll rises to 299, including 140 children    Saudi defender Saud Abdulhamid joins RC Lens on loan from AS Roma    Riyadh Comedy Festival tickets now on sale for world's biggest stand-up event    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    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.