France sees A400M deal by end-Feb, no summit statement

PARIS, Feb 3 (BestGrowthStock) – Buyer nations aim to reach a deal
with European planemaker Airbus over the funding of its delayed
A400M military transporter by the end of February, an official
in the French president’s office said on Wednesday.

No formal statement on the long-running talks is expected
after a Franco-German summit on Thursday, the official added.

President Nicolas Sarkozy and Chancellor Angela Merkel are
due to hold a regular bilateral summit in Paris.

Airbus and its parent company EADS (EAD.PA: ) are in talks
with seven NATO nations to prevent the 20 billion euro A400M
project collapsing under the weight of delays and cost overruns.

Technical talks resume in Berlin on Thursday morning and
people close to the talks said earlier that if successful, these
could be accompanied by a Franco-German statement of support.

“What strikes me is the will to succeed. There will be a
meeting of negotiators in Berlin on Thursday. That is where the
subject will be handled first,” the French official said in a
briefing in advance of Thursday’s Franco-German summit.

The official was speaking on condition he not be named.


France sees A400M deal by end-Feb, no summit statement