Airbus to get $6.5 billion from France government

Discussion in 'Wall St. News' started by talknet, Jan 26, 2009.

  1. talknet


    PARIS (Reuters) - The French state plans to inject 5 billion euros ($6.5 billion) into banks with the aim of financing airplane purchases to help European planemaker Airbus (EAD.PA), a French government source said on Sunday.

    "There is indeed a plan to lend 5 billion euros to the banks to finance Airbus contracts," the source said, confirming an earlier report in the business newspaper Les Echos.