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9Patch
Topic Author
Posts: 273
Joined: Wed Mar 13, 2019 10:38 pm

Re: A380 was success for Airbus, says new CEO

Fri Jun 14, 2019 5:57 pm

SomebodyInTLS wrote:
Stop moving the goalposts. The *definition* of RLI is *by definition* a loan. That is the fact that I posited and which you continue to deny.

It doesn't matter how many times your repeat it, it doesn't make it true.

What you are saying is that because someone once defaulted on a mortgage then by definition every mortgage ever drawn up doesn't have to be repaid.

Stop making stuff up. Airbus didn't default. Part of the loan was willingly forgiven by their government sponsors. They want to support their 'national champion'. A loan that doesn't have to be repaid is NOT a loan.
 
9Patch
Topic Author
Posts: 273
Joined: Wed Mar 13, 2019 10:38 pm

Re: A380 was success for Airbus, says new CEO

Fri Jun 14, 2019 6:01 pm

SomebodyInTLS wrote:
"AN AIRCRAFT DELIVERY". The only time there will be NO repayment is if NO aircraft are delivered. It doesn't have to be a SUCCESSFUL programme - merely a LAUNCHED programme. In which case the terms are that full repayment is eventually due. Despite the one time part of this was written off for one programme, you have shown no proof that it is not in the contracts as I stated.

So I've show no proof, except for the one time I showed proof. Got it!

And the number of times that Airbus has taken RLI and subsequently failed to deliver a single aircraft is...?

Dude, when you're in hole, stop digging!
 
WayexTDI
Posts: 1016
Joined: Fri Sep 21, 2018 4:38 pm

Re: A380 was success for Airbus, says new CEO

Fri Jun 14, 2019 7:00 pm

9Patch wrote:
SomebodyInTLS wrote:
"AN AIRCRAFT DELIVERY". The only time there will be NO repayment is if NO aircraft are delivered. It doesn't have to be a SUCCESSFUL programme - merely a LAUNCHED programme. In which case the terms are that full repayment is eventually due. Despite the one time part of this was written off for one programme, you have shown no proof that it is not in the contracts as I stated.

So I've show no proof, except for the one time I showed proof. Got it!

And the number of times that Airbus has taken RLI and subsequently failed to deliver a single aircraft is...?

Dude, when you're in hole, stop digging!

Dude, you're the one in the hole and digging deeper.
SomebodyInTLS is right: what you quoted said "The obligation to repay the LA/MSF is therefore triggered only if there is an aircraft delivery". Meaning all Airbus programs will have to repay since all, so far, have delivered at least one frame.

Keep spinning your own words, you're digging deep and fast.
 
9Patch
Topic Author
Posts: 273
Joined: Wed Mar 13, 2019 10:38 pm

Re: A380 was success for Airbus, says new CEO

Fri Jun 14, 2019 7:54 pm

WayexTDI wrote:
Dude, you're the one in the hole and digging deeper.
SomebodyInTLS is right: what you quoted said "The obligation to repay the LA/MSF is therefore triggered only if there is an aircraft delivery". Meaning all Airbus programs will have to repay since all, so far, have delivered at least one frame.

Keep spinning your own words, you're digging deep and fast.


Dude, SomebodyIN TLS wrote:

"AN AIRCRAFT DELIVERY". The only time there will be NO repayment is if NO aircraft are delivered. It doesn't have to be a SUCCESSFUL programme - merely a LAUNCHED programme. In which case the terms are that full repayment is eventually due.

This is not true. What I'm taking issue with is what's in bold, not whether one delivery triggers repayment. That's just just a distraction.

Read further in the document:
6.235. Finally, the French A350XWB LA/MSF contract does not make specific provision for what is to occur in the event of discontinuation of the A350XWB programme. However, as the obligations to pay levies, interest and royalties are dependent on successful deliveries, were the programme to be discontinued, no new payment obligations would be triggered (though Airbus would have a continued obligation to pay any levies or royalties due on any aircraft already delivered).


If deliveries end prematurely, Airbus can ask that the loan be forgiven. Relief was granted for part of the A340 program. Airbus is in negotiations for A380 launch aid forgiveness. I'm certain some will be granted as well.
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