Quote: "We are standing by Airbus and all of its subcontractors," Villepin said during a visit to Toulouse, southwestern France, where the European jetmaker is based. Villepin was visiting one of Airbus's subcontractors.
This is pretty small change to Airbus, but it can be needed to help keep the subcontracting base intact.
Khobar From United States of America, joined Mar 2006, 2379 posts, RR: 4 Reply 1, posted (6 years 6 months 1 week 3 days 8 hours ago) and read 2820 times:
"Villepin promised $103 million in government loans and guarantees for Airbus suppliers from 2007-2008, and a further $83 million in funding and tax breaks for aerospace and related industries -- some of which would be earmarked for research facilities in Toulouse."
KC135TopBoom From United States of America, joined Jan 2005, 11708 posts, RR: 52 Reply 3, posted (6 years 6 months 1 week 3 days 5 hours ago) and read 2634 times:
Looks like the French taxpayers are taking it up the a@@ again.
French Politician; "We will loan your company French tax money, so you can keep French jobs, that pay some of the highest taxes in the world, so we can loan you more money later, so you can hire more Frenchmen to pay more taxes".
Timboflier215 From United Kingdom, joined May 2005, 1238 posts, RR: 1 Reply 4, posted (6 years 6 months 1 week 3 days 5 hours ago) and read 2628 times:
I don't think they're tax breaks, but government loans (in that they will be repaid) to Airbus suppliers who may be squeezed by the delays. I imagine it's to ensure the suppliers don't go out of business, thereby losing French jobs.
FlyLondon From United Kingdom, joined Feb 2004, 376 posts, RR: 0 Reply 5, posted (6 years 6 months 1 week 3 days 4 hours ago) and read 2628 times:
Quoting Khobar (Reply 1): Tax breaks? Aren't those illegal subsidies, according to Airbus, EADS, Europe, etc.?
Well yes they probably are illegal under EU rules, but since when have the French ever followed the rules that they themselves lobbied to be brought in? Growth and stability pact anyone?
Tan Flyr From United States of America, joined Aug 2000, 1847 posts, RR: 0 Reply 6, posted (6 years 6 months 1 week 3 days 4 hours ago) and read 2616 times:
Quoting Timboflier215 (Reply 5): I don't think they're tax breaks, but government loans (in that they will be repaid) to Airbus suppliers who may be squeezed by the delays. I imagine it's to ensure the suppliers don't go out of business, thereby losing French jobs.
So, will they be "loans" that will be "repaid" or "loans" that will be "forgiven"?
Timboflier215 From United Kingdom, joined May 2005, 1238 posts, RR: 1 Reply 7, posted (6 years 6 months 1 week 3 days 4 hours ago) and read 2577 times:
Khobar From United States of America, joined Mar 2006, 2379 posts, RR: 4 Reply 8, posted (6 years 6 months 1 week 3 days 4 hours ago) and read 2540 times:
Quoting Timboflier215 (Reply 5): I don't think they're tax breaks, but government loans
"Villepin promised $103 million in government loans and guarantees for Airbus suppliers from 2007-2008, and a further $83 million in funding and tax breaks for aerospace and related industries -- some of which would be earmarked for research facilities in Toulouse."
$103M in government loans and guarantees to Airbus suppliers and a further $83 million in funding and TAX BREAKS for aerospace and related industries.
Seems clear enough, assuming the story is accurate.
Timboflier215 From United Kingdom, joined May 2005, 1238 posts, RR: 1 Reply 9, posted (6 years 6 months 1 week 3 days 3 hours ago) and read 2498 times:
Ah right, apologies, I missed that. Too little sleep lol. The tax breaks seem to be for seperate aerospace and research companies, though, rather than the Airbus suppliers, or am I being dense again and the money is all for Airbus' suppliers?
Khobar From United States of America, joined Mar 2006, 2379 posts, RR: 4 Reply 10, posted (6 years 6 months 1 week 3 days 3 hours ago) and read 2460 times:
Quoting Timboflier215 (Reply 10): Ah right, apologies, I missed that. Too little sleep lol. The tax breaks seem to be for seperate aerospace and research companies, though, rather than the Airbus suppliers, or am I being dense again and the money is all for Airbus' suppliers?
Apologies completely unnecessary.
With regards to your specific question, my guess is it depends on whether airbus suppliers are considered "aerospace and related industries." I agree, the wording in the article does make it sound like they are separate issues though.
Timboflier215 From United Kingdom, joined May 2005, 1238 posts, RR: 1 Reply 11, posted (6 years 6 months 1 week 3 days 2 hours ago) and read 2429 times:
Quote:
"We are standing by Airbus and all of its subcontractors," Villepin said during a visit to Toulouse, southwestern France, where the European jetmaker is based. Villepin was visiting one of Airbus's subcontractors.
This is pretty small change to Airbus, but it can be needed to help keep the subcontracting base intact.
that does not surprise me!
my money will again go to Airbus!!!
Flysherwood From United States of America, joined Jul 2006, 1115 posts, RR: 0 Reply 13, posted (6 years 6 months 1 week 3 days 2 hours ago) and read 2380 times:
Do the French taxpayers ever feel like Airbus is the French Governments "Prodigal" son?
Stitch From United States of America, joined Jul 2005, 26717 posts, RR: 83 Reply 14, posted (6 years 6 months 1 week 3 days 2 hours ago) and read 2368 times:
Honestly, I am not surprised, not shocked, and not disappointed at this latest report.
OzGlobal From France, joined Nov 2004, 2597 posts, RR: 4 Reply 16, posted (6 years 6 months 1 week 2 days 15 hours ago) and read 2279 times:
Quoting KC135TopBoom (Reply 4): Looks like the French taxpayers are taking it up the a@@ again.
French Politician; "We will loan your company French tax money, so you can keep French jobs, that pay some of the highest taxes in the world, so we can loan you more money later, so you can hire more Frenchmen to pay more taxes".
There are recovery groups for your issues.
When all's said and done, there'll be more said than done.
Stitch From United States of America, joined Jul 2005, 26717 posts, RR: 83 Reply 17, posted (6 years 6 months 1 week 2 days 9 hours ago) and read 2279 times:
Quoting EbbUK (Reply 15): Got to love the way the French protect their own.
But isn't that the second job* of a government? WA did it for us. AL did it for their folks. Now France does it for their people.
* - The first job, of course, being to perpetuate the bureaucracy.
BuyantUkhaa From Mongolia, joined May 2004, 2779 posts, RR: 3 Reply 18, posted (6 years 6 months 1 week 2 days 9 hours ago) and read 2279 times:
Quoting FlyLondon (Reply 5): Well yes they probably are illegal under EU rules, but since when have the French ever followed the rules that they themselves lobbied to be brought in?
If I'm not mistaken, those rules apply for companies with an annual overturn of more than €250m. Subcontractors might, possibly, be smaller than that. If they're not, then it is indeed against EU rules.
Sponsor Message: 
From , joined Dec 1969, posts, 
From United States of America, joined Mar 2006, 2379 posts, 
From United Kingdom, joined Jan 2005, 9137 posts, 
From France, joined Nov 2005, 2446 posts, 
From Mongolia, joined May 2004, 2779 posts, 
Printer friendly format 
