4 ms·

> This is a great decision! If they can execute, which I very much doubt, given the history of similar EU initiatives. The only example I can think of is Airbu

> This is a great decision! If they can execute, which I very much doubt, given the history of similar EU initiatives. The only example I can think of is Airbus. Those funds are usually funneled toward bullshit vendors that are specialised in milking such EU programs, with nothing to show for it afterwards.

rapsey 6y ago
Exactly. This is just money down the drain. A giveaway to companies that are politically connected. I’ve met a CEO of one such company. A filthy rich scumbag that has half the government in his pocket. Ensuring that he gets the big government contracts and muscles out other companies for EU funds.
publicola1990 6y ago
And even Airbus is widely thought to being dependent on under the table government funding to keep it afloat, and keep its pricing competative. The line between private and government is blurred when EU is usually involved as well.
- stefan_ 6y ago
  I don't think there is a single airplane manufacturer in the world that is not either straight up government funded or government guaranteed.
  - 908B64B197 6y ago
    Bombardier! When slapped with tariffs later judged to be illegal the Trudeau government didn't do anything, allowing Airbus to get ownership of their flagship plane.
- corty 6y ago
  Rather over-the-table. France pushes Toulouse every chance it gets, the city basically only consists of plane and rocket factories. When the A380 project went to search for other sites to manufacture some parts of the plane, European cities and governments went all-in with dubious offers, fast-tracks and regulations-be-damned to get the site. E.g. for the Hamburg site, read about "Mühlenberger Loch".
dingaling 6y ago
Airbus predates the EU, it was formed as a consortium between Sud Aviation, VFW-Fokker and Hawker-Siddeley back in 1966. It was fortunate for Europe that the consortium had a longer-term objective as opposed to other pan-European aircraft projects like Panavia and SEPECAT.

rapsey 6y ago

Exactly. This is just money down the drain. A giveaway to companies that are politically connected. I’ve met a CEO of one such company. A filthy rich scumbag that has half the government in his pocket. Ensuring that he gets the big government contracts and muscles out other companies for EU funds.

publicola1990 6y ago

And even Airbus is widely thought to being dependent on under the table government funding to keep it afloat, and keep its pricing competative. The line between private and government is blurred when EU is usually involved as well.

stefan_ 6y ago
I don't think there is a single airplane manufacturer in the world that is not either straight up government funded or government guaranteed.
- 908B64B197 6y ago
  Bombardier! When slapped with tariffs later judged to be illegal the Trudeau government didn't do anything, allowing Airbus to get ownership of their flagship plane.
corty 6y ago
Rather over-the-table. France pushes Toulouse every chance it gets, the city basically only consists of plane and rocket factories. When the A380 project went to search for other sites to manufacture some parts of the plane, European cities and governments went all-in with dubious offers, fast-tracks and regulations-be-damned to get the site. E.g. for the Hamburg site, read about "Mühlenberger Loch".

dingaling 6y ago

Airbus predates the EU, it was formed as a consortium between Sud Aviation, VFW-Fokker and Hawker-Siddeley back in 1966. It was fortunate for Europe that the consortium had a longer-term objective as opposed to other pan-European aircraft projects like Panavia and SEPECAT.