18 February 2014

The discussions on German A350 loan are over.



Airbus has signaled that it no longer expects to get financial aid from Germany for the development of the A350, underscoring how a wide-ranging restructuring of the aerospace giant has loosened the relationship with one of its largest government shareholders.



Airbus has received billions of euros in preferential loans from European governments to support the development of new jetliner models over the past 4 decades. This includes a €500 million loan from Germany for the A350 four years ago.



An agreement on a 2nd loan, for €600 million, remains outstanding because Airbus Group has balked at the terms being imposed by the German government.



"As you're aware, we reopened discussions 18 months ago and we didn't come to a sound conclusion, so we decided to stop," said Airbus Chief Executive Fabrice BrĂ©gier, on the sidelines of the Singapore Air Show. “For me the discussions are over on that."

"We weren't ready for the requirements they wanted," an Airbus spokesman said.


Germany has long insisted on guaranteed work and jobs as part of its shareholding in Airbus Group. The restructuring of EADS as Airbus Group last year further reduced Germany's influence. The company streamlined its defense and space operations, cutting 5,800 jobs and consolidating sites across France, Germany, Spain and the U.K. The group has also shifted its main headquarters from Munich and Paris to its commercial aerospace base in Toulouse, France.



Based on the article “Airbus Ends Talks on German A350 Loans” published in The Wall Street Journal

3 comments:

  1. I am Willie Koh i was in need of a loan of S$24 000 and was scammed by those fraudulent lenders and a friend introduce me to Mr Akim Lim,and he lend me the loan without any stress,you can contact him at akimlim_loanfirm19@yahoo.com

    ReplyDelete
  2. My dear friends, My name is Gasole located in Califonia, i will advise you contact Mr MICHAEL SELITO for an urgent loan. He is reliable and genuine.

    He gave me a loan of US$40,000 when my family was really in bad shape with finance. He gave me the loan when at the exact time i needed it. I have a new restaurant business and all of my debt has been cleared. I have made a promise within me that i must advertise for his business because of what he has done for me.

    Contact him through his email at michaelselitoloanfirm@hotmail.com

    He will help you with your loan only if you will agree with the loan terms and condition. Good luck

    ReplyDelete



  3. Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Contact Us At :oceancashcapital@gmail.com
    Website http://oceancashmj.com
    Phone number :+1-6474-864-724 (Call/Whats app)

    LOAN SERVICES AVAILABLE INCLUDE:
    ================================
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Business Loans And many More:

    LOAN APPLICATION FORM:
    =================
    Full Name:................
    Loan Amount Needed:.
    Purpose of loan:.......
    Loan Duration:..
    Gender:.............
    Marital status:....
    Location:..........
    Home Address:..
    City:............
    Country:......
    Phone:..........
    Mobile / Cell:....
    Occupation:......
    Monthly Income:....

    Contact Us At :oceancashcapital@gmail.com
    Website http://oceancashmj.com
    Phone Number:+1-6474-864-724 (Call/Whats app)

    ReplyDelete