The small matter of the other $6.6 billion
OK - If only one third of the funding for new build aircraft can come via state aid / loans, the other two thirds has got to come from other investors, who might just be a bit more financialy diligent on the money they loan.
As the total development bill for the A380 runs in at over $10 billion, more than likely some of this will be from American owned financial institutions, who see merit in investing in Airbus.
Bet these guys will have a thing or two to say about prospective WTO intervention, should the Bush administration push the issue
Or does the other $6.6 billion all come from European banks, I rather think not!
(Great insight humble_dor)
Last edited by colossus; 16th Aug 2004 at 16:39.