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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 10:48 AM
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. Chief Operating Officer 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.