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Share Name | Share Symbol | Market | Type |
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Safety First Trust Series 2009-2 | AMEX:ABI | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
European commercial aircraft builder Airbus Monday said it has no plans to provide billions of dollars in loans to its customers, contrary to a report in U.K. newspaper The Times.
"Backstop financing is standard industry practice and is agreed at the time of contract," an Airbus spokesman told Dow Jones Newswires.
"This happens years in advance of aircraft deliveries and is not the same thing as providing customers with billions in loans which Airbus does not go into," the spokesman said.
Airbus is a subsidiary of European Aeronautic Defence & Space Co. NV (5730.FR).
-By Jethro Mullen, Dow Jones Newswires; 33 1 4017 1738; jethro.mullen@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.
1 Year Safety First Trust Series 2009-2 Chart |
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