According to the report published in the international financial newspaper, La TribuneA said, “The EADS was seriously considering canceling most of the orders that have already been signed, worth about 400 million euros, in the framework of a partnership with (South African) industry (notably with the Denel and Aerosud groups) and which were linked to the contract to purchase eight A400Ms.”

Earlier, South Africa confirmed that it had cancelled its order for eight A400M military transporters, citing cost escalations. The A400M program was already three years behind schedule.

Spain's government has granted loan up to 359 million euros for subcontractors of the Airbus A350. The socialist government has approved loans for the companies that have established in Spain and are supplying parts for Airbus' A350 XWB aircraft project.

Spain’s industry ministry said that the companies under the loan scheme should be the subcontractors for top-level programmes of new A350 XWB Airbus and its Trent XWB engine, which has been developed by the Rolls Royce Group.