NATO Buyer Nations Postpone Airbus Meeting Until February -Reuters

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NATO buyer countries, including the U.K., France and Germany, have postponed a ministerial meeting on the 20-billion euro ($23.2 billion) European A400M military transport plane until February, Reuters reports.

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--The meeting was originally scheduled for mid-November after Airbus asked to be relieved of heavy fines and took a EUR1.2 billion writedown of its program, citing "significant risks," according to Reuters.

--Germany, which is in the middle of talks to form a new coalition government, has been opposed to granting Airbus another bailout, after the company had previously received EUR3.5 billion from the buyer nations in 2010, Reuters reports.

Full story: http://reut.rs/2As8qXH

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November 10, 2017 08:53 ET (13:53 GMT)