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UK Taxpayers Make Money Off Airbus  
User currently offlineTrex8 From United States of America, joined Nov 2002, 4700 posts, RR: 14
Posted (11 years 8 months 3 weeks 3 days 23 hours ago) and read 881 times:
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gee sounds almost as good as their lottery!

http://biz.yahoo.com/rf/021111/transport_airbus_loans_1.html

4 replies: All unread, jump to last
 
User currently offlineAviatsiya From , joined Dec 1969, posts, RR:
Reply 1, posted (11 years 8 months 3 weeks 3 days 18 hours ago) and read 837 times:

Hmmm....and who said that AI doesn't pay back their loans?

If they have paid back double the initial loan, any ideas at to what the interest rate would have been? Would be interesting to see exactly what type of percentage AI received.


User currently offlineTeva From France, joined Jan 2001, 1871 posts, RR: 16
Reply 2, posted (11 years 8 months 3 weeks 3 days 8 hours ago) and read 760 times:

Guess what.... UK Tax payers are not the only ones.... French and German too.
And in fact, it pays twice for tax payers.
First, it helped to create jobs , then reducing unemployment, and the payments to unemployed people. I consider it is better to give money to create jobs rather than giving the money to unemployed people.
And when the company gives the money back, that is even better.
Teva



Ecoute les orgues, Elles jouent pour toi...C'est le requiem pour un con
User currently offlineCapt.Picard From , joined Dec 1969, posts, RR:
Reply 3, posted (11 years 8 months 3 weeks 3 days 8 hours ago) and read 751 times:

I don't see the significance of this post. A company which borrowed money off the UK government for a particular project has paid it back. What's the big deal? Isn't that what's supposed to happen?





User currently offlineRick767 From United Kingdom, joined Jan 2000, 2662 posts, RR: 51
Reply 4, posted (11 years 8 months 3 weeks 3 days 8 hours ago) and read 746 times:

I think what this post is trying to highlight is the UK Government "acting the bank" (as all Governments do) and obtaining a large amount of interest from the deal.

To be fair though the interest rate was probably in the order of 5% per annum, which over 14 years would up the repayment due on the £250,000 loan to about £425,000. The other £75,000 (let's say) would be in Royalties, and there's your £500,000.



I used to love the smell of Jet-A in the morning...
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