Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Germany may follow France with aid for Airbus clients

Share this article

Germany may follow France with aid for Airbus clients
Photo: DPA
16:45 CET+01:00
Germany is considering financial aid for clients of aerospace giant Airbus struggling to raise capital from banks, a junior minister told AFP on Tuesday.

"We are discussing with the KfW (Germany's state-owned development bank) and other banks a model to ease financing," Peter Hintze, state-secretary at the economy ministry to the news agency.

The exact form of the aid has not yet been decided, Hintze said, but would likely be "based on export guarantees."

Berlin's announcement follows a decision by France on Monday to order its banks to lend €5 billion ($6.5 billion dollars) to airlines and transport firms to help them pay for European-built planes.

Meanwhile head of parent company EADS, Louis Gallois, encouraged other European countries to do the same, French daily Le Figaro reported on Tuesday.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

Is this the world's most international business school?

It's not just one of the world's leading business schools. It's also a chance for students to have a truly international undergraduate experience.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement