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A400M deal reported close

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A400M deal reported close

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Aerospace firm EADS is reportedly close to reaching a long-awaited deal to rescue the A400M military transport plane.

The parent company of Airbus has been haggling with European governments over how much they would offer to cover five billion euros in cost overruns.

Sources say EADS is now just working out details on the funding support.

The report boosted EADS’ shares and eased fears over job losses.