Airbus faces cash headache, lengthy talks over A400M delays

Berlin

AIRBUS faces a cash squeeze and months of uncertainty over its troubled A400M troop plane after buyer nations upheld penalty clauses for delays to Europe's largest defence project.

The Toulouse-based group has called for help on the 20 billion euro (S$30 billion) programme as it continues to encounter technical problems, seven years after winning a 3.5 billion euro bailout from seven Nato nations.