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Tuesday, February 25, 2014

Airbus 'wants money' for scrapped jets

Eurofighter TyphoonAirbus is demanding 900 million euros ($A1.3 billion) in compensation from Germany for cancelling an order for a batch of 37 Eurofighter jets, according to a newspaper report.

The amount had emerged in a closed-door parliamentary budget meeting last week in which the scrapped fighter-jet order was also reported to lawmakers, said the Handelsblatt business daily.

Industry sources however put the Airbus compensation demand at about 800 million euros, said the newspaper.

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