23-Mar-2010 10:45 AM

Germany to provide EUR1.1 billion for A350 XWB programme

German Government reportedly intends to commit EUR1.1 billion in loans to the Airbus A350 XWB programme, provided “final issues” are solved, including work share between France and Germany on the A30X, a replacement for the A320 family (AFP, 22-Mar-2010). Three other partner nations are also expected to contribute to the A350 XWB programme, which is estimated to require EUR12-15 billion in investment. France has announced EUR1.4 billion in support, while Britain has reportedly committed EUR400 million. Spain is expected to provide EUR300 million support for the programme.

Ministry of Economics: "As far as we are concerned all pre-conditions have been met and the funds are available… We want to be sure that [A30X] research and development will be done in Germany," Peter Hintze, Parliamentary State Secretary. Source: AFP, 22-Mar-2010.

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