It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
interest rate equal to the cost of government borrowing plus 0.25%
"If this is the path the US has chosen, we accept the challenge," Pascal Lamy, the EU's trade commissioner, said.
"Not least because it is high time to put an end to massive illegal subsidies to Boeing which damage Airbus, in particular those for Boeing's new 7E7 programme."
Originally posted by COOL HAND
You people are missing the point. By the US gov't giving a tax break to Boeing they are saying that it is better to get some money from you than none at all if you go bankrupt.
Compare that to the EU who have given Airbus money in order to allow Airbus to sell their planes at a lower cost.
In essense Airbus can charge less and make a greater profit percent because they are given money from the European government to offset any loss that may occur.
Why won't Airbus release the terms of the "loan?" I am curious as to what percent the loan was offered at. Was it a fixed percent? What happens if Airbus defaults on the loan? etc.
For each and every Airbus model, BAE SYSTEMS (and now Airbus UK) from its own resources, has invested very substantial sums in the launch and on-going development costs, as well as in tooling and work in progress. In addition, for the A320, the A330/A340, the A340-500/600 and recently for the A380, the UK Government is providing fully repayable loans which are "designed to yield a return in real terms on the government's investment" to supplement Airbus UK's financial commitment. Repayment of capital and interest on the UK government's £250 million loan for the A320 (announced in March 1984) has been completed; royalty payments continue - the investment yielding £2 for every £1 invested. The loan for the A330/A340 programme announced in May 1987 was £450 million, repayments are in progress and are expected to yield the UK Treasury £3 for every £1 invested. The loan announced for the A340-500/-600 in February 1998 was £123 million and in March 2000 the UK government announced it would make available £530 million repayable launch investment for the A380. In the UK, current Airbus programmes secure 62,000 jobs in over 400 companies through the UK?s involvement in Airbus. Other UK companies involved include Rolls-Royce Aero-engines who supply power-plants for an increasing number of Airbus models.
Originally posted by NickS1004
i hope the A380 is successfull..... I also heard the engines are probably going to be built by GE.
Boeing might not want it to be successful, but many american companies that supply components will suffer if it isnt.
Airbus spends approximately 40% of its total procurement budget in the U.S. 50% percent of the A380 is procured in the U.S. At over 5 billion dollars per year, Airbus is the largest export customer of commercial U.S. aerospace.
Originally posted by AtheiX
Are the following airports:
able to handle A380s?
Originally posted by SHADOW266
Thought you all might enjoy this pic.