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Is that what you meant by this:

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.
by Metatone (metatone [a|t] gmail (dot) com) on Sat Jan 17th, 2009 at 05:41:31 AM EST
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If we are to give aid for this, it shouldn't go to outsourcing outside of the EU. Launch aid is otherwise a good idea. It consists of the state taking over risk, e.g. the state provides financing which is only repayable if the project is successful. So far Airbus projects have delivered, so they're paying back the aid.

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.

by nanne (zwaerdenmaecker@gmail.com) on Sat Jan 17th, 2009 at 06:16:38 AM EST
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