Aircraft
Germany Extends €623 million Loan for A350
Second tranche brings total to €1.123 billion
Airbus A350 MSN2 makes its first visit to Munich International Airport on February 23. (Photo: Airbus)
Airbus A350 MSN2 makes its first visit to Munich International Airport on February 23. (Photo: Airbus)

The German government has issued Airbus an “interest-bearing repayable” loan for development of the A350 worth €623 million ($694 million), the German Federal Ministry for Economic Affairs and Technology (BMWi) confirmed to AIN Thursday. The German Bundestag noted the payment, which represented the second tranche of a €1.123 billion ($1.25 billion) commitment, during a budget committee meeting on Wednesday, said a ministry spokesman. The loan runs until 2031 and covers deliveries of 1,500 airplanes.