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Airbus Asks Britain To Stump Up £379m ("asks" like a mobster)
Ananova ^ | May 28, 2005

Posted on 05/29/2005 10:49:54 AM PDT by Righty_McRight

Airbus is reported to have asked Britain for £379m worth of state aid for its A350 project.

According to The Sunday Times, it has urged ministers to come up with the cash or see valuable work lost to Germany or Spain.

The sum involved is far greater than that demanded of other member countries.

But if, as expected, the Government accedes to the plane maker's request, it could trigger a Transatlantic trade war.

Officials in Washington have warned that the approval of launch aid for the new aircraft would lead to immediate litigation.

They said the issue would be taken directly to the World Trade Organisation, pitting EU trade supremo Peter Mandelson against his US counterparts.

Britain makes the wings for all Airbus planes at its Broughton and Filton plants.

But failure to approve the launch aid could see all wing work on the A350 move abroad.


TOPICS: Business/Economy; Foreign Affairs; United Kingdom
KEYWORDS: a350; airbus; launchaid; uk; wto

1 posted on 05/29/2005 10:49:55 AM PDT by Righty_McRight
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To: Righty_McRight
Damn.. Looks like Jesse J's been goin' around, teachin' them Euros how to do business.

One does have to wonder - why can't they raise this money through stock investment.. Europe is still at least pretending that they're capitalistic, right?
2 posted on 05/29/2005 10:56:43 AM PDT by kingu
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To: Righty_McRight

Lets hear it for global free trade and open markets.


3 posted on 05/29/2005 10:57:43 AM PDT by ARCADIA (Abuse of power comes as no surprise)
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To: Righty_McRight; Paleo Conservative

Unbelievable.

No level playing field for Boeing,is there? But Boeing will still run Airbus into the ground IMHO.


4 posted on 05/29/2005 11:03:10 AM PDT by Mears (Keep the government out of my face!)
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To: Thud

ping


5 posted on 05/29/2005 11:43:42 AM PDT by Dark Wing
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To: Righty_McRight
anybody know if they passed their emergency exit drill certification test yet???
6 posted on 05/29/2005 12:20:28 PM PDT by Chode (American Hedonist ©®)
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