Joni
Topic Author
Posts: 2613
Joined: Thu Aug 10, 2000 11:05 pm

US Minister Wants To 'help' Manufacturers

Fri May 09, 2003 8:17 pm


Norman Mineta, Mr. Bush's transportation secretary, has said he was exploring ways to aid aviation manufacturers in the US, but not in ways he'd call subsidies.

This seems familiar - the US government is prepared to aid its industries, but not to call the aid subsidies. When European governments aid their manufacturers, that usually _is_ called subsidies.


The article can be found at

http://biz.yahoo.com/rc/030508/transport_trade_1.html
 
AA737-823
Posts: 4956
Joined: Wed Mar 01, 2000 11:10 am

RE: US Minister Wants To 'help' Manufacturers

Fri May 09, 2003 11:53 pm

As an American, I think it's high time.

If Airbus can be subsidised SO FAR as to be able to pay Alaska's training costs, maintenance costs, buy their old airplanes, and serve caviar to the CEO on a weekly basis (made that up but hey, who knows what goes on behind closed doors)... if Airbus has that much money floating around AFTER we hear that they sold the A320s to JetBlue at a loss... then we can subsidise Boeing all we want to.

All is fair in love and war, and the competition between the two manufacturers seems to have traits from both of those!

R
 
AA737-823
Posts: 4956
Joined: Wed Mar 01, 2000 11:10 am

RE: US Minister Wants To 'help' Manufacturers

Fri May 09, 2003 11:55 pm

BTW, as you stated in the post, Mr. Mineta is a Secretary... we don't call them ministers in this country.
 
donder10
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RE: US Minister Wants To 'help' Manufacturers

Sat May 10, 2003 3:16 am

Weird that Airbus is profitable too.
 
prebennorholm
Posts: 6447
Joined: Tue Mar 21, 2000 6:25 am

RE: US Minister Wants To 'help' Manufacturers

Sat May 10, 2003 4:49 am

Nothing can be easier. Just let the secretary ask Boeing to double their prices on spares to military planes.
Always keep your number of landings equal to your number of take-offs
 
cfalk
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Joined: Mon Dec 04, 2000 6:38 pm

RE: US Minister Wants To 'help' Manufacturers

Sat May 10, 2003 5:26 am

Weird that Airbus is profitable too.

Boeing was also profitable in 2002. But this will change over the next few years, IMHO.

Charles

[Edited 2003-05-09 22:26:34]
The only thing you should feel when shooting a terrorist: Recoil.
 
Navion
Posts: 1055
Joined: Tue May 18, 1999 1:52 am

Joni-The European Watchdog

Sat May 10, 2003 6:28 am

Joni is sure trying to stir up dust and say the Americans are as bad as the Europeans have been regarding subsidies. Look at the various posts!!
Maybe if you post this stuff enough you might actually start to believe it.
 
Staffan
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Joined: Tue Mar 18, 2008 9:21 am

RE: US Minister Wants To 'help' Manufacturers

Sat May 10, 2003 6:30 am

Navion, yeah, it works, look at all the slamming airbus gets from people with no clue at all.

Staffan
 
User avatar
STT757
Posts: 13268
Joined: Tue Mar 28, 2000 1:14 am

RE: US Minister Wants To 'help' Manufacturers

Sat May 10, 2003 7:17 am

I wonder what brought this about?..(sarcasm)

"His comments at a U.S. Senate hearing were prompted by a decision this week by Airbus SAS (Paris:EAD.PA - News) to select a European consortium for a $3.4 billion engine contract despite a cheaper offer from Pratt & Whitney Canada, a unit of Connecticut-based United Technologies Corp".

" he said he could support more federal research funding for U.S. aviation manufacturers to offset deals offered by foreign companies who have financial or other backing by their governments."
Eastern Air lines flt # 701, EWR-MCO Boeing 757
 
dynkrisolo
Posts: 1825
Joined: Mon Feb 12, 2001 12:12 am

RE: US Minister Wants To 'help' Manufacturers

Sat May 10, 2003 7:37 am

Staffan:

Having no clue at all is not a phenomenon that is more prevalent on one side of the big pond than on the other, unfortunately.  Sad Many people here only listen to the things they don't want to listen.
 
LMP737
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Joined: Wed May 08, 2002 4:06 pm

RE: US Minister Wants To 'help' Manufacturers

Sat May 10, 2003 7:42 am

Donder10:

Actually I think Airbus/EADS is in the red.
Never take financial advice from co-workers.
 
Staffan
Posts: 3879
Joined: Tue Mar 18, 2008 9:21 am

RE: US Minister Wants To 'help' Manufacturers

Sat May 10, 2003 8:12 am

Never said it was, but some people take whatever they read here as being the truth.

Staffan
 
elwood64151
Posts: 2410
Joined: Fri Feb 08, 2002 10:22 am

RE: US Minister Wants To 'help' Manufacturers

Sat May 10, 2003 1:44 pm

AA737-823:

Thank you. You said it for me.

Cfalk:

Have to disagree with you. Over the next few years, the airlines will recover, and Boeing will see bigger profits, just as Airbus will.

Finally,

I don't believe in government bailouts for any businesses, save Sept 11-type emergencies, where obviously the airlines are not at fault for what happened (lawsuit claims against AA and UA to the contrary). I was appalled when the US gov't bailed out Citicorp back in the early 1990s due to their dubious loans to Brazil.

The business of America is business. We should let strong companies alone (save when they break the law) and failing companies fail. Boeing is not failing. It's making money (according to its financials). There's no reason to bail it out. The same goes for Airbus. They're a business and should be allowed to live or die according to their business accumen.

And as for calling military contracts "subsidies", well, that shows an obvious mis-understanding of the American military equipment and provisioning systems (plural). Boeing has to compete with Lockheed-Martin, Sikorsky, United Technologies, Northrop Grumman, and others, as well as a host of European companies for contracts (though admittedly the US buys very few foreign aircraft) for Navy, Air Force, Army, Coast Guard and Marine Corps equipment. Anyone want to guess who makes the M9M 9mm pistol? It's an Italian company...
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