Posted on 06/19/2006 3:58:22 AM PDT by lowbuck
Facing mounting problems over its inability to deliver the A380 superjumbo plane on time, Airbus looks set to request state aid for the development of a troubled midsize jetliner in what some analysts described as a rescue package. Meanwhile, the German co-head of the parent company EADS warned on Sunday of broader consequences from the latest "crisis" at Airbus.
(Excerpt) Read more at iht.com ...
Say it fast.
Isn't it already?
This is (trade) war.
It would not be the first time. They've been on state assistance ever since they were formed.
I think it's lemon aid.
One wonders how long the European taxpayer will be happy to send money to these turkeys so they can waste it on yet another money-losing boondoggle.
BTW, the so-called loans will never be paid back. The only way they can be paid back is if Airbus makes a profit on the aircraft. And that simply is not going to happen.
Boeing is not going to take any prisoners.
Regarding the topic, my understanding is Boeing is willing to go to the mat to end launch aid. Airbus is no longer a struggling, fledgling company that Europe is trying to develop. They have outdone Boeing in sales and deliveries for several years now. It is time for an end to the below-market "loans" that Airbus doesn't have to repay for products that don't make a profit. Airbus should be forced to suffer the consequences of their bad business decisions regarding the A380 and A350.
WTO anyone?
Ping!
I'm certainly no expert in aircraft production but I've always been under the impression that the A380 was being rushed through testing to get a jump on Boeing. I'm not getting on board one of those monsters until it's been in operation for at least two years without a major mishap.
By the time this hulk is off the ground personal teleporters will be common and Euro-peons will be back to working a forty hour work week, with no vacations.
BTW ... Has Pierre obtained any state supplied airconditioners to keep mom & pop from dying of the heat?
Still comes up blank for me. Maybe because I won't let them drop a cookie on my machine? Oh well, I'll check it out at work where it will likely be in the company news service. Thanks.
Doh! Got up at 4:00, still on my first cup 'o java....... ;o)
"..lemon aid."
Reply of the hours, IMO. Good one.
Boeing is not developing a competitor to the A380 as the market for extremely large aircraft is shrinking.
Boeing will get more life out of the 747 and will dominate trans-atlantic flights with the 787 to be certified later this year.
I'm confused. The group of European countries that own Airbus are all socialist countries. How can they seek "state aid" when they are owned by the state?
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