SEVEN EUROPEAN NATIONS TO SIGN LONG-AWAITED AIRBUS EAD.PA A400M BAILOUT DEAL IN SPAIN ON THURSDAY - SOURCES
PARIS, April 5 (Reuters) - European buyers will give their long-awaited final backing to a 3.5-billion-euro rescue deal for the troubled Airbus EAD.PA A400M airlifter at a signing on Thursday, sources familiar with the matter said on Tuesday.
The bailout by seven NATO nations was designed last year to prevent Europe’s largest defence project collapsing under cost overruns and delays with the loss of 10,000 jobs. But it was threatened by last-minute objections especially from Britain.
Ministers from Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey have been summoned to the Spanish city of Seville, where the plane is built, to sign a formal amendment to the 20-billion-euro military contract on Thursday.
Reporting by Tim Hepher+331 4949 5452 email@example.com