PPRuNe Forums - View Single Post - More trouble for A380 Program ?
View Single Post
Old 18th Sep 2016, 23:33
  #78 (permalink)  
CONSO
 
Join Date: Mar 2014
Location: WA STATE
Age: 78
Posts: 0
Likes: 0
Received 0 Likes on 0 Posts
"Boeing and its fanboys may not agree, but B777X is heavily subsidized ($8.2B) by Washington State and sales will be further subsidized by US tax payers thru EXIM bank."

Partly true- but mostly false- EX Im bank makes money ( profit ) almost every year. It is basically a bank swith lost of kmoney to loan- guartantee between nationbs. so while it can be calld a subsidy ( due to government baked funding ), its lending terms and low interest rates still make money in the long run. And AFIK- there is little or no forgiveness absent a major catastrophe.
CONSO is offline