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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: GoldBull no bug here who wrote (51206)	6/12/2009 6:10:13 AM
From: elmatador	Respond to of 219763

Collateral. ending job for the boys scheme: The A400M, which was presented in Seville, Spain, last June, would compete with American transports. It is years behind schedule and has cost Airbus about $3.8 billion in write-downs... Germany and France Delay Decision on Airbus Military Transport PARIS — France and Germany said Thursday that they were giving themselves another six months to decide whether to proceed with Airbus’s troubled A400M military transport plane, prolonging the agony — and the costs — for the European aircraft manufacturer, which is already grappling with the worst industry downturn in decades. The airlifter — the single biggest financial threat to the Airbus parent European Aeronautic, Defense & Space — is years behind schedule and has already cost Airbus some €2.4 billion, or $3.4 billion, in write-downs since 2006. The company missed a March 31 deadline for achieving its first flight, and would be exposed to €5.7 billion in penalties if the seven governments backing it decide to write the project off. The deadline for their decision had already been extended once, to the end of this month. nytimes.com