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The German military could spend up to 1 billion euros in coming years for use of new Airbus (AIR.PA) A330 MRTT tanker planes to be bought as part of a new European multinational fleet, according to a German budget document.
In a project initiated by the European Defence Agency, the new refueling aircraft will be bought by the NATO Support and Procurement Agency and be stationed at Eindhoven Air Base in the Netherlands for pooling and sharing.
The German parliament is expected to approve this week the 2017 federal budget, which includes an initial 2.5 million euros for potential "membership dues" for Germany's participation in the new Multinational MRTT Fleet.
A report sent to parliament with the overall budget plan said Germany could spend around 1 billion euros on the program, which will replace its current fleet of four ageing A310 tankers. It gave no timetable for the expenditures.