Airbus sale to Delta: guaranteed payments, expected payments
Airbus sold an A400 to Delta Airlines, a U.S. company, and billed $30 million payable in six months. Airbus is concerned about the euro proceeds from international sales and would like to control exchange risk. The current spot exchange rate is $1.05/? and the six-month forward exchange rate is $1.10/?. Airbus can buy a six-m