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Germany in talks with Airbus on 600 million euros of A380 loans

Staff Writer |
Germany is in talks with Airbus about 600 million euros ($680.10 million) in outstanding loans advanced for development of the A380 superjumbo, which the European planemaker now plans to scrap, the government said.

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The loans are at the centre of a longstanding trade dispute about mutual claims of illegal aircraft subsidies between the European Union and the United States.

A spokeswoman for the German economy ministry confirmed the value of the outstanding loans, first reported by Funke Mediengruppe newspaper chain, but said it was premature to discuss how the issue would be resolved. "We are analysing the consequences and discussing the issue with the company," she said.

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