Airbus A400M Finally Flies For First Time But Faces £10bn Cost Overruns -- The Telegraph
More than three years late, Airbus's A400M military transport finally has finally taken to skies in a successful first flight in Seville.
But the aircraft remains dogged by controversy, as it emerged that an independent audit commissioned by the nations buying the plane showed it could incur €11bn (£9.9bn) of cost overruns.
Germany said earlier this week that Airbus parent company EADS had identified some €5bn of cost overruns. The company and the seven buyer countries - which include Britain, France and Germany - are negotiating how those costs can be met. Possibilities include assigning a higher unit cost to each plane, meaning fewer A400Ms would be delivered.
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More News On The A400M
After Delays and Cost Overruns, Airbus A400M Takes Off -- New York Times
Audit says 11 bln euros at risk on A400M -sources -- Reuters
Troubled Airbus transporter takes to the skies -- AFP
States, EADS Must Share A400M Overcosts - French Minister -- Wall Street Journal
Airbus A400M makes maiden flight after delays -- BBC
Germany sticking to order for 60 A400M planes-official -- Reuters
Airbus hopes test flight will save the A400M -- Times Online
FACTBOX-Sizing up the Airbus A400M "grizzly" -- Reuters
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