EADS-CASA cancels military plane deal (Venezuela) (AP)

[Eugene]

Wednesday, October 18, 2006 · Last updated 9:12 p.m. PT

EADS-CASA cancels military plane deal

THE ASSOCIATED PRESS

MADRID, Spain -- A Spanish company dropped a plan to sell 12 military
transport planes to Venezuela that was opposed by the U.S., the Spanish
foreign minister said Wednesday.

EADS-Casa, an affiliate of a European aerospace consortium, had been trying
to get around U.S. objections to including American-made technology in the
aircraft by substituting these parts with ones available on the
international market.

But this idea turned out to be so expensive as to be commercially unfeasible,
Miguel Angel Moratinos told a breakfast meeting of politicians and journalists.

"The financial effort needed to adapt to the technological requirements of the
United States was not worth it," Moratinos said.

-snip-

Full article: http://seattlepi.nwsource.com/business/1310AP_Spain_Venezuela.html