Sunday, November 21, 2004

Business America: Commerce does study on airbus subsidies

Business America: Commerce does study on airbus subsidies: "A key finding is that none of the Airbus programs--past, present or future--appears commercially viable. It states that on the average, 74 percent of the cost of developing new Airbus aircraft have been provided by Airbus governments and that by the year 2008, Airbus programs are likely to have accumulated more than $30 billion in negative nominal cash flow."

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