It's seems better to have 2 manufacturers supported by government than to have only 1 that essentially owns the whole market.
It's seems better to have 2 manufacturers supported by government than to have only 1 that essentially owns the whole market.
> Myth: Aerospace is different from other industries and requires some level of government support.
> Fact: Boeing has proven otherwise. We have financed all of our new airplane programs without the kind of government handout that launch aid represents.
http://www.boeing.com/company/key-orgs/government-operations...
But it's clear that both these companies are getting a ton of government contracts and have a special relationship with the US/EU.
https://www.bloomberg.com/news/articles/2019-03-28/wto-issue...
https://www.latimes.com/business/hiltzik/la-fi-hiltzik-boein...
https://www.seattletimes.com/seattle-news/boeings-historic-t...
Boeing doesn't necessarily get direct subsidies but they get hefty tax breaks. Boeing will almost certainly get bailed out by the feds if the MAX or 777X come close to bankrupting them.
I don't have to, since Boeing already came out and said as much on the URL I posted. They make a distinction between legal and illegal subsidies recognized by the WTO.