German taxpayer may be left with hefty unpaid Airbus loan: report

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German taxpayer may be left with hefty unpaid Airbus loan: report
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German taxpayers could be left more than 600 million euros ($680 million) out of...

FILE PHOTO: A logo of Airbus is seen on a flag at Airbus headquarters in Blagnac, near Toulouse, France February 14, 2019. REUTERS/Regis Duvignau/File Photo

Berlin loaned Airbus 942 million euros in 2002 in connection with the A380’s development, of which only a third has been repaid, the media group cited the statement as saying. Airbus last month said it would scrap the A380, producing and delivering only 17 more by 2021, because customers preferred smaller and nimbler jets.

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