France hopes that Airbus and the seven governments which ordered the A400M military transport plane can agree new financing terms to save the troubled program by the end of the week, the defense minister said Monday.
Herve Morin told journalists that the positions of the seven countries — Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey — and Airbus parent company EADS appear to be converging. "As it stands today we have the perspective in our minds to reach an agreement by the end of the week," he said.
The advanced and ultra sophisticated four-engine turboprop is seen as occupying an important niche market between the Lockheed Martin C-130J Hercules, which carries only half the payload, and Boeing's C-17 Globemaster III, which is larger, costlier, and less tactically versatile. Once in full production this aircraft is expected to become a top seller for Airbus.
France Hopes for Deal on Military Plane This Week - ABC News
France hopes that Airbus and the seven governments which ordered the A400M military transport plane can agree new financing terms to save the troubled program by the end of the week, the defense minister said Monday. 
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