The Associated Press: Airbus A350 development on track
Bregier gave few details on how Airbus plans to finance the euro10 billion ($13.26 billion) A350 program. He said the development costs have so far been funded by Airbus and some of its suppliers in a risk-sharing program."We are not in a hurry to find other ways despite the difficulties we know our customers will face in 2009," he said.Airbus may also seek government aid to create a "level playing field" with Boeing's 787, which he said "got a lot of subsidies."
Bregier gave few details on how Airbus plans to finance the euro10 billion ($13.26 billion) A350 program. He said the development costs have so far been funded by Airbus and some of its suppliers in a risk-sharing program.
"We are not in a hurry to find other ways despite the difficulties we know our customers will face in 2009," he said.
Airbus may also seek government aid to create a "level playing field" with Boeing's 787, which he said "got a lot of subsidies."
nanne:
Which is all fine but doesn't explain why we should be subsidising jobs in China and Russia, plus the bootstrapping of the Chinese and Russian airspace industry, at a time when even Boeing has gotten the memo that global sourcing has gone too far.
Otherwise the entire pretense that EADS is a 'normal' company is no longer relevant in a time when governments are bailing out much more normal companies throughout the economy. Sure, there needs to be some restriction on government interventions. But in this case it is clear that Airbus' strategy has some elements that are not in its own long-term interest.
