Early termination of Airbus A380 program may cost 600 million Euros to German taxpayers


Berlin - Today the German government said that it is in talks with Airbus about 600 million euros of credit given to the European aircraft manufacturer for the development of the Airbus A380.

On February 14, Airbus announced that it would terminate the Airbus A380 program due to lack of demand. But the premature termination could cost 600 million euros to German taxpayers.

Airbus' superjumbo never achieved the expected success and the last copy will be delivered to Emirates Airlines in 2021, which operates the largest A380 fleet in the world.

Berlin had borrowed 942 million euros to the aircraft manufacturer in 2002 for the development of the A380, of which only a third was repaid, says the German Ministry of Economy.

According to German media group Funke Mediengruppe, German taxpayers may have to pay the remaining 600 million euros.

Deputy Minister of the Economy Ulrich Nussbaum said that the issue is still under analysis and will be discussed with Airbus.



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