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Thank god. A particularly nasty aspect of this story, alluded to at the bottom but not made explicit, is that Airbus was taking massive export credits (in the
by hogFeast 7y ago
Thank god.
A particularly nasty aspect of this story, alluded to at the bottom but not made explicit, is that Airbus was taking massive export credits (in the UK, they got the lion's share of the budget).
It was only in the UK that Airbus was required to actually required to produce documentation about the customer, and the scheme was only uncovered when someone at UKEF realised that Airbus wasn't doing this and the govt had been giving out hundreds of millions to corrupt politicians.
Also, the timeline here is incredible. As soon as the UK announced their investigation, and Airbus was banned from receiving credits...they were in negotiations to resume funding, and (somehow) Enders only lost his job 3 years later (and even the UK has turned back on the money spigot...although this time with sheepish promises about trying to fund a company other than Airbus through UKEF).
Airbus is everything that is wrong with the corporate world. Run by politicians, hopelessly corrupt, always spinning, and receiving massive subsidies by dint of their impact on local job markets.
- gdy 7y ago"Airbus is everything that is wrong with the corporate world." But it makes planes that don't crash like Boeings.
- sojournerc 7y agohttp://www.airsafe.com/events/models/rate_mod.htm http://www.airsafe.com/events/models/rate_mod.htm Not exactly...
- hogFeast 7y agoBoeings look unsafe now but are Airbus really any safer? We are looking at a small sample of extreme events. And just generally, I would not put a great deal of confidence in a company run by politicians...that doesn't mean Boeing is great btw, just that it is probably less bad.