EC Approves State Aid For Helicopter Manufacturers | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Thu, Mar 08, 2012

EC Approves State Aid For Helicopter Manufacturers

Greenlights Subsidies From French, Italian Governments

The European Commission has given the go-ahead to the governments of France and Italy to provide state aid to EADS and Finmeccanica for the development of new civilian aircraft.

The companies will be assisted in the development of the Eurocopter X4 and the AgustaWestland AW169, respectively, according to a report from Dow Jones in the Wall Street Journal. Both are medium-lift helos.

Eurocopter will receive the equivalent of $187 million in the form of a repayable advance. Finmeccanica will receive a zero-interest subsidized loan form the Italian government amounting to $357 million at current exchange rates. The EC is the body with antitrust authority in the European Union.

European Competition Commissioner Joaquin Almunia called the subsidies "fully justified" in terms of the European public interest, as well as environmental and research and development considerations.

FMI: http://ec.europa.eu/index_en.htm

Advertisement

More News

ANN's Daily Aero-Term (05.01.24): Say Altitude

Say Altitude Used by ATC to ascertain an aircraft's specific altitude/flight level. When the aircraft is climbing or descending, the pilot should state the indicated altitude round>[...]

ANN's Daily Aero-Linx (05.01.24)

Aero Linx: European Air Law Association (EALA) EALA was established in 1988 with the aim to promote the study of European air law and to provide an open forum for those with an int>[...]

Classic Aero-TV: Korean War Hero Twice Reborn

From 2023 (YouTube Version): The Life, Death, Life, Death, and Life of a Glorious Warbird In 1981, business-owner Jim Tobul and his father purchased a Chance-Vought F4U Corsair. Mo>[...]

Airborne 04.29.24: EAA B-25 Rides, Textron 2024, G700 Deliveries

Also: USCG Retires MH-65 Dolphins, Irish Aviation Authority, NATCA Warns FAA, Diamond DA42 AD This summer, history enthusiasts will have a unique opportunity to experience World Wa>[...]

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Also: WACO Kitchen Bails, French SportPlane Mfr to FL, Dynon-Advance Flight Systems, Innovation Preview Bobby Bailey, a bit of a fixture in sport aviation circles for his work with>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC