P527ORACLE 527 Mon27 Jan C4 1711:53
DELAY BRINGS HEAVY
COST FOR WESTLAND
The new Sikrosky-Fiat Westland rescue
terms represent a better deal for
shareholders but only at a cost to the
company, chairman Sir John Cuckney says
The delay will have cost Westland
customers who are not going to commit
"until they know the future of the
company is secured," Sir John says.
Westland has been in a "commercial
limbo land" for month, he added.
The failure of the first deal has also
increased the City's bill for the firm.
Lazard's say the £2.5m in expenses is
now likely to rise to around £4m.
* HOLIDAYS GALORE! * 580