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Sunday, June 04, 2006

EADS to raise £3bn air tanker funding
EADS will approach banks as early as August to secure loans to finance the Future Strategic Tanker Aircraft project.

The plan to supply the RAF with a new generation of air-to-air refuelling tankers is expected to be approved in July.

EADS will have to convert 15 Airbus A330s into tankers.

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