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EADS looking to win more time to renegotiate A400M delivery

Source: http://www.defpro.com/news/details/7952

14:01 GMT, June 9, 2009 European aerospace giant EADS will ask the seven nations governments which are involved in the A400M programme for additional six months to re-negotiate the delivery timetable for the military transport plane, AFP quoted business daily El Economista as writing.

The newspaper said that EADS will meet with the defence ministers of Spain, Belgium, Britain, France, Germany, Luxembourg and Turkey after Paris Air Show to discuss this topic in Seville, the same place where the A400M was unveiled.

The seven A400M countries initially had the possibility to cancel their orders as of April 1 because of the delays but EADS, the parent company of Airbus,negotiated a three month extension to present a new delivery timetable which expires at the end of the month.

Last week French Defence Minister Herve Morin said that there would likely be a meeting between ministers from the seven participating countries and EADS in Seville that would be followed by a “second period of several months” to re-negotiate the clauses of the delivery contracts.

The A400M was initially scheduled to start being delivered at the end of2009 but the programme is suffering from a delay of at least three years and clients have threatened to cancel their orders.

Source: http://www.defpro.com/news/details/7952

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