Article

2005-06-15 Europe

Boeing takes lion's share of orders at Paris Airshow

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Posted by too true 2005-06-15 12:25|| || Front Page|| [3 views since 2007-05-07] Top

#1 Airbus chief executive Noel Forgeard, asked at a news conference about the financial effect of the delays, said they "won't have any significant impact" on the company's 2006 results.

Well, of course not. When you're the receipient of subsidies, there's nothing to lose, since typically, you're not expected to pay back what you've received. There's no reason to believe that any Airbus subsidy would be any different.

..while the EU contends that lucrative US military contracts awarded Boeing should also be considered a government subsidy.

Er, no it's not, since defense contracts are competed for. A good example was the JSF; Lockheed and Boeing slugged it out and Lockheed won. The government didn't automatically give Boeing the JSF contract. The EU needs to come up with a batter argument....if it can.

Posted by Bomb-a-rama 2005-06-15 14:15|| 2005-06-15 14:15|| Front Page Top

#2 Hello, anybody home? Eurofighter = EADS = Airbus. Care to open that boondoggle Eurofighter up competition? I'm sure Boeing has a very competitive product. What about the A400 military airlifter? Lockheed has some fine products, at a fraction of the cost, and will tailor fit for any requirement you have?

Posted by ed 2005-06-15 14:26|| 2005-06-15 14:26|| Front Page Top

#3 said they "won't have any significant impact" on the company's 2006 results.

Most of the orders are for out years.

Posted by too true 2005-06-15 14:32|| 2005-06-15 14:32|| Front Page Top

#4 ..since typically, you're not expected to pay back what you've received.

A little clarification: this assumes that the product that was subsidized in development/production doesn't recover it's costs via sales. Not only does this not affect the books much, but the risk of failure no longer is something to worry about.

Posted by Bomb-a-rama 2005-06-15 14:32|| 2005-06-15 14:32|| Front Page Top

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