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German Offers New Loans To Airbus  
User currently offlineKatekebo From United States of America, joined Apr 2001, 672 posts, RR: 6
Posted (7 years 11 months 2 weeks 6 days 19 hours ago) and read 1033 times:

http://www.bloomberg.com/apps/news?p...0085&sid=aMiLWJaz1iWk&refer=europe

"Germany has earmarked 650 million euros ($793 million) in development aid for Airbus SAS's planned A350 jet, though no decision has been made whether to grant the money, the government's coordinator of aerospace affairs said.
....
Of the 650 million euros the German government has set aside, 390 million euros is for direct loans to Airbus. The remaining 260 million euros would cover interest costs for the development of the A350 should Toulouse, France-based Airbus fail to make the plane commercially successful."

The second paragraph quoted above is especially interesting.

It looks like the EU governments want to take the WTO battle over subsidies heads-on.

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