trex8
Posts: 4619
Joined: Sat Nov 02, 2002 9:04 am

UK Taxpayers Make Money Off Airbus

Tue Nov 12, 2002 9:43 am

gee sounds almost as good as their lottery!

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

RE: UK Taxpayers Make Money Off Airbus

Tue Nov 12, 2002 2:24 pm

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.
 
teva
Posts: 1764
Joined: Thu Feb 01, 2001 12:31 am

RE: UK Taxpayers Make Money Off Airbus

Wed Nov 13, 2002 12:24 am

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
 
Guest

RE: UK Taxpayers Make Money Off Airbus

Wed Nov 13, 2002 12:35 am

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?



 
Rick767
Posts: 2613
Joined: Sun Jan 30, 2000 8:11 pm

RE: UK Taxpayers Make Money Off Airbus

Wed Nov 13, 2002 12:45 am

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...