Airbus Invokes Doomsday in Plea for Cash.

The chief executive of Airbus made an impassioned plea yesterday to European governments, including Britain, to bail out its new military transport aircraft or jeopardise the group’s future. The €20 billion (£18 billion) A400M project is more than two years behind schedule and is costing the aircraft manufacturer over €100 million a month. Tom Enders, the boss of Airbus, has given the British, French, German and Spanish governments until the end of this month to negotiate a new contract that would allow the company to cover its losses. If not, the project will be shut down. Full Story.