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-Unlimited-04.23.24

 Airborne-Unlimited-04.24.24 Airborne-FltTraining-04.25.24

Airborne-Unlimited-04.26.24

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 (04.28.24): Airport Marking Aids

Airport Marking Aids Markings used on runway and taxiway surfaces to identify a specific runway, a runway threshold, a centerline, a hold line, etc. A runway should be marked in ac>[...]

Aero-News: Quote of the Day (04.28.24)

"It is extremely difficult, if not impossible, for manned aircraft to see a drone while conducting crop-enhancing and other aerial applications at low altitudes and high speeds. We>[...]

ANN's Daily Aero-Linx (04.28.24)

Aero Linx: The Skyhawk Association The Skyhawk Association is a non-profit organization founded by former Skyhawk Pilots which is open to anyone with an affinity for the A-4 Skyhaw>[...]

Aero-News: Quote of the Day (04.29.24)

“The T-54A benefits from an active Beechcraft King Air assembly line in Wichita, Kansas, where all required METS avionics and interior modifications are installed on the line>[...]

ANN's Daily Aero-Linx (04.29.24)

Aero Linx: Aerostar Owners Association The Association offers the Aerostar Owner a unique opportunity to tap an invaluable source of information concerning the care and feeding of >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.01.24: WACO Kitchen, FAA Reauthorization, World Skydiving Day

Airborne-NextGen 04.30.24: Skydweller Flies, Cassio 330, UAV Design Competition

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

See All

Advertisement

Podcasts

Advertisement

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