Originally posted by FredT
The question I always go after as many well know, these subsadies and loans they have recived now are not going to be payed back untill 2020? The inital break even point was to have been 250 aircraft but now its closer to 500???
Ahh more of the same old rubbish.
The loans and RLI (repayable launch investment) is getting paid back with every airframe delivered, and that timeline has nothing to do with the break even point moving at all.
If the original break even point was 250 airframes, then the repayable launch investment will be repayed in full when the 250th airframe is delivered - the thing that is pushing the break even point up is the additional costs suffered by Airbus due to delay compensation and extra expenditure incured during development.
Put simply, the breakdown of repayment schedules with each airframe delivered is thus:
Airframes 1 - 250: Airframe construction costs, Airbus/EADS investment, 3rd party investment, RLI from governments.
Airframes 251 - X: Airframe construction costs, Airbus/EADS additional investment, new loans to cover additional costs
The amount repaid to initial investors and governments per each airframe delivered was set at the start of the A380 development program - it does not change, and thus 3rd party investors and governments will get their original investments back on the airframe delivery schedule they initially agreed to.
So the answer to your question is 'no'. But it won't stop you asking the question, will it?



