LAXintl From United States of America, joined May 2000, 26834 posts, RR: 50 Posted (7 years 1 week 3 days 5 hours ago) and read 3236 times:
Quote: Embraer CEO Warns Japan On MRJ Subsidies
When Embraer took on regional jet powerhouse Bombardier in the 1990s, it was swatted by the World Trade Organization (WTO) for receiving unfair subsidies from the Brazilian government. Now, Embraer is warning that similar behavior won’t be tolerated from an emerging competitor, Japan’s Mitsubishi.
Mitsubishi last week formally launched development of the Mitsubishi Regional Jet (MRJ), a family of 70- and 90-seat aircraft. The Japanese government is expected to provide subsidies of $400-500 million toward the $1.9 billion aircraft development project.
Embraer CEO Frederico Fleury Curado says his company will ask the Brazilian government to closely monitor the Mitsubishi program to make sure the Japanese government funding does not violate WTO rules.
“If they want to bring a product [to market], bring it on its own merits,” Curado said “They have to comply with the WTO framework.”
Tangowhisky From United States of America, joined Jun 2006, 962 posts, RR: 7
Reply 1, posted (7 years 1 week 3 days 3 hours ago) and read 3140 times:
Good luck trying to stop the Japanese governments to stay within WTO rules. Pretty much all their heavy industries get tons of R&D money that are never paid back. Mitsubishi gets plenty of support in its rail and other divisions, so they will just redirect those funds to their aerospace division and it will be virtually impossible for anyone to prove that they are breaking any rules. This is one of the reasons why Boeing likes to work with the Japanese as they get the R&D funds quite easily even for tooling. In all this is the great part in being a conglomerate such as MHI, as it makes it easier to play with the financials and hide the truth.
Dougbr2006 From Brazil, joined Oct 2006, 403 posts, RR: 0
Reply 3, posted (7 years 1 week 2 days 16 hours ago) and read 2842 times:
Well you know what they say, if there is some way of trying to slow something down or make it difficult then companies will allways try to do it, its business. Look at Boeing over the tanker deal, when they desperately need to get the B787 flying and production ramped up, that to doesn't make sense but they are doing it !!!!!!!!!!