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Airbus typically receives about a third of development costs from European governments in the form of loans. After the WTO complaints were filed, Airbus said it would refrain from seeking loans immediately.
Boeing and the U.S. government say Airbus is getting unfairly subsidized when it accepts state lending because the loans are not at commercial rates.
“We can only reiterate our position that Airbus should finance its aircraft development using its own cash and commercial loans, which it has repeatedly said it is able to do,” Boeing spokesman Jim Proulx said in a statement today.
A decision in the WTO case is scheduled to be released as soon as next month.
Originally posted by CloudySkye
Come on FredT,
This thread is just asking to bait people into a Boeing v Airbus funding argument, one i think we could all do without, aren't arguments like that against the forum rules?
Ultimately both of them are funded equally in alternative means. I think we need to leave it at that.
Please, Im really sick of Boeing v Airbus...
Originally posted by waynos
Define 'gift' Fred? GKN has bought Filton from Airbus and now wholly owns the site. Are you just on a mission to generate site traffic with these threads?
Plane-maker Airbus has been awarded a £28m grant from the assembly government to ensure the future of hi-tech wing production in Flintshire.
Originally posted by sy.gunson
[USA gave just as much support to Boeing via a different series of mechanisms. For example trade aid for buying Boeing. Export subsidies for Boeing purchases. Often with Boeing purchases the subsidy was discreet and less than obvious.
I actually prefer Boeing aircraft but I too am sick of the argument promoted in this thread. The Europeans are only practising what USA did but in a clearer and more obvious way.
Originally posted by FredT
reply to post by deckard83
The tax break was open to ANY producer of LCA if I recall. I wonder if Boeing would get the same gifts in say Tolouse? I guessing NO
(f) "Superefficient airplane" means a twin aisle airplane that carries between two hundred and three hundred fifty passengers, with a range of more than seven thousand two hundred nautical miles, a cruising speed of approximately mach .85, and that uses fifteen to twenty percent less fuel than other similar airplanes on the market.