Joni From , joined Dec 1969, posts, RR: Posted (13 years 6 months 1 week 3 days 19 hours ago) and read 1861 times:
The UK gov will loan RR about USD350M to build the Trent 900 for the A380 jumbo. The loan is to be repayed as a percentage of sold engines and their maintenance during a period of 14 years. This is supposed to save thousands of jobs at the company.
Joni From , joined Dec 1969, posts, RR:
Reply 2, posted (13 years 6 months 1 week 3 days 18 hours ago) and read 1806 times:
What makes you think the A380 wouldn't be built? It has been commercially and industrially launched, ordered by major international airlines and Airbus has already spent a billion euros on the project.
Oz777 From Australia, joined Jun 2000, 521 posts, RR: 5
Reply 9, posted (13 years 6 months 1 week 3 days 13 hours ago) and read 1723 times:
Just goes to show that already the A380 is not commercially viable. If it was going to be a "success" then why does the GOVERNMENT have to lend a private company money. Surly Rolls-Royce could raise the finance in the commercial market
This is only the start of the "subsidy" Wait for the German, French, Spanish and Australian Governments to wade in with "job creation subsidies" to ensure the aircraft achieves a realistic price.
Like the Concorde. Who paid for all the costs for building the aircraft. The taxpayers!!!
Dynkrisolo From United States of America, joined Feb 2001, 1875 posts, RR: 7
Reply 14, posted (13 years 6 months 1 week 3 days 4 hours ago) and read 1643 times:
If you have paid attention, you would know this has been reported many times. Infact, Pratt & Whitney has recently filed a complaint with EU concerning this loan, and EU is supposedly investigating the legitimacy of this loan as we speak.
And the other question:
Will the A380 fly? Sure it will! Airbus has made too much commitment to back out. Will it make money for Airbus? That is something I don't think anyone here can accurately predict.