Few understand how in simple terms the ' launch aid ' game under GATT92-WTO works - or is supposed to work and how Airbus has played the game380 and other models. Here is my cliff note version- having been long ago a bit involved in analysis.
1_ launch aid can take othe form of low cost commerical/governt loans with me unique terms.
2 - company bases loan on a ' calculation ' that in effect says- we can design, build, sell and deliver xxx airplanes by yy years and need zzzzzzz$$$$ loan or other goodies.
3-_ We will pay a low interest rate on
loan starting in tt years or after the first rr deliveries
4 - BUT - if we can not or do not pay off KK% of such loan by xxx deliveries and or yy years, then the government loan is forgiven.
5- SO if one games the system such that above dates- $$ are not met . . .
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