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Future of Airbus A400M is safe for now

A tentative agreement has been reached in the fight over additional financing for the much-delayed military transport plane A400M, the Spanish defense minister said on Wednesday.

"We reached an agreement in principle between the seven nations in the project and EADS," said Carme Chacon, referring to the European Aeronautic Defense and Space Company, parent company of A400M manufacturer Airbus. "The Airbus project will be a success for Europe."

Chacon did not give any details as to how the countries would resolve the financing dispute surrounding the late and over-budget project, but added that more information would be released on Thursday, following an EU defense meeting in Mallorca.

For more: Future of Airbus A400M is safe for now | Europe | Deutsche Welle | 24.02.2010

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