31 Mar '17, 5pm

Airbus faces cash headache, lengthy talks over A400M delays

PARIS and BERLIN — Airbus faces a cash squeeze and months of uncertainty over its troubled A400M airlifter after buyer nations upheld penalty clauses for delays to Europe's largest defense project. The Toulouse-based group has called for help on the €20 billion (U.S. $21 billion) program as it continues to encounter technical problems seven years after winning a €3.5 billion bailout from seven NATO nations. On Thursday, Airbus CEO Tom Enders met European buyers, and a source with knowledge of the talks said nations maintained penalties but agreed to keep talking. Airbus has hinted at a broad shopping list of demands including a better share of liabilities on the A400M's engines, whose development has faced a series of problems. However, people familiar with the project say Airbus' campaign chiefly boils down to concerns over a shortfall in cash payments, especially from th...

Full article: http://www.defensenews.com/articles/airbus-faces-cash-hea...

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