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Saturday, January 16, 2010

A400M partners agree to seek funding deal

Airbus A400MPartners in the Airbus A400M military plane pledged on Friday to seek an "acceptable" deal over a massive cost blow-out that threatens the future of Europe's largest arms project, easing a chill in negotiations.

Germany, which has so far opposed moves to provide increased European government help for the delayed troop transporter, said buyers were committed to sticking with the project "but not at any price" and signalled talks with Airbus in coming days.

EADS shares were up 1.3 percent to 14.4 euros by 1342 GMT.

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