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Originally posted by waynos
Actually the difference is that Boeing repays nothing, not one red cent of the money it recieves even if the plane were to sell 10,000, 'tax breaks' and the like is all money gratefully recieved by Boeing, spent and then forgotten about. When you take that into consideration it kind of changes things a little don't you think?
Originally posted by shots
Originally posted by FredT
The article below while a bit old, is still in effect in regards to the 737 aircraft. It seems that the Boeing plane produces more jobs in france than the the Airbus A319 a direct compeditor.
LE BOURGET, France, June 19, 1997 - As the Boeing 737-700 prepared to depart the Paris Air Show, Ron Woodard, Boeing Commercial Airplane Group president, noted that the 737-700 program will generate more jobs in France over the next three years than will the Airbus A319, the competing airplane showcased here at LeBourget.
"Very simply, that's because 737s are delivered exclusively with CFM56 engines," Woodard said, "However, only a minor share of the A320 series incorporate these great Snecma engines."
CFM56 engines are produced by CFMI, a joint venture of Snecma and GE.
"Snecma and our other French suppliers have been major contributors to the success of the 737. And they should feel very proud of what we have built together," Woodard said. "In the past five years, this relationship has generated more than $2.5 billion in revenue for Snecma and its suppliers here in France.
[edit on 12/13/04 by FredT]
Nice research Fred. Wonder what would happen if Boeing desided to change engine types?
Originally posted by waynos
I'll check back for part two tomorrow, in the meantime this is a good example of biased or 'selective' reporting.
This is about fair competition and a level playing field. Since its creation thirty-five years ago, some Europeans have justified subsidies to Airbus as necessary to support an ‘infant’ industry. If that rationalization were ever valid, its time has long passed. Airbus now sells more large civil aircraft than Boeing,(1)
The subsidies are actionable because they are causing adverse effects to U.S. interests or “prohibited” because they are export-contingent or both. In 1999, in a case by Brazil, the WTO found that Canadian financing with launch aid-type terms was a prohibited export subsidy. Another panel, reviewing a case brought by Canada, found that Brazil’s interest rate subsidies to its aerospace industry were also an export subsidy. (2)
Over its 35 year history, Airbus has benefitted from massive amounts of EU member state and EU subsidies that have enabled the company to create a full product line of aircraft and gain a 50 percent share of large commercial aircraft ("LCA") sales and a 60 percent share of the global order book. Every major Airbus aircraft model was financed, in whole or in part, with EU government subsidies taking the form of "launch aid" – financing with no or low rates of interest, and repayment tied to sales of the aircraft. If the sales of a particular model are less than expected, Airbus does not have to repay the remainder of the financing. EU governments have forgiven Airbus debt; provided equity infusions; provided dedicated infrastructure support; and provided substantial amounts of research and development funds for civil aircraft projects. (1)
The time has come for the governments of Europe to stop the incessant subsidizing of Airbus. In what can only be described as an elaborate jobs program, the governments of Europe has manipulated agreements and international law to their advantage. The result of this is that Boeing must now compete in a market that is clearly unfair.
The Air Force demanded that Boeing hire a special compliance officer as part of a larger administrative settlement under negotiation, said the Journal, citing people familiar with the details.