Bailout saves Airbus military plane
European nations agree $5bn lifeline for troubled transport aircraft.
Published On 8 Mar 2010
The troubled Airbus A400 military aircraft has received a $5bn lifeline from European nations buying the plane.
The heavy lift transport plane is already four years behind schedule and nearly $10bn over budget.
The fate of the aircraft has been closely watched in the French city of Toulouse, home to Airbus headquarters where a quarter of all jobs depend on the aircraft giant.
Al Jazeera’s David Chater reports.