Word: aircrafting
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...after the U.S. and Europe reached a temporary agreement to avoid a trade war over aircraft subsidies, TIME's SALLY B. DONNELLY sat down with Boeing's CEO Harry Stonecipher in the 34th-floor executive conference room of the company's downtown Chicago headquarters. Despite the reprieve from a trade fight, he continued to question the launch-aid loans that Boeing's rival has historically received--and plans to continue to receive--from European governments. "Airbus is all grown up and making money," he says. "Why does it need subsidies?" Here's what else the 30-year aerospace veteran...
...throats as never before. Although the U.S. government and the European Union reached a temporary deal last month to avoid a World Trade Organization (WTO) fight over government subsidies, the two sides were sniping at each other again less than 24 hours later. When Airbus CEO Noel Forgeard said aircraft launch aid (the no- or low-risk loans that European governments have historically provided the company to help finance plane development) wasn't "part of the past," a spokesman for the U.S. trade representative fired back, "The U.S. will not agree to permit new aircraft subsidies that are illegal under...
...hangar; in Toulouse, France. The result of a 10-year, $12 billion program linking construction plants in Britain, France, Germany and Spain, the A380 surpasses in size the U.S.-made Boeing 747, which has dominated the skies for 25 years. Airlines have already ordered more than 140 of the aircraft, which can carry up to 840 passengers on two decks. The first commercial flights are expected in spring...
...Even before the fire was brought under control on Jan. 14, some locals were asking why more fire-fighting aircraft weren't sent to the unfolding disaster. Euan Ferguson says the deployment of fire bombers will be investigated, but he doubts more planes would have made much difference: "It would not have mattered if we'd had all the fire-fighting resources in the world...
...stop living beyond its means, foreign financing for the U.S. 's current account deficit "could dry up." That really would be dismal. Losing The Controls The French government has pledged to support "national champions" in strategic industries vital to the country, such as pharmaceuticals, aircraft manufacturing and... video games? Amid a national debate over industry policy, Paris is close to a deal to give 325 million in annual tax subsidies to France's video game publishers, on top of the 35 million it already hands out to promote innovation. The industry accounts for just 10,000 jobs and about...