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Airbus Executive Says Time For Germany To Pay A350 Loan In Full

wochit business
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October 26, 2013 AT 9:51 AM
Germany should pay the remaining 600 million euros of a disputed development loan for Airbus's A350 passenger plane now the aircraft maker has allocated work to German employees, an Airbus executive said. The German government had demanded that Airbus guarantee a certain amount of the work on the lightweight A350 plane would be done in Germany as a condition for paying out the remaining part of the loan. COO Guenter Butschek told newspaper Tagesspiegel Airbus had now assigned 4,000 of the A350 jobs to Germany, 250 percent more than targeted, while the German share of development was significantly above the one-third promised.