It was able to coast, eventually, but that’s some very fancy accounting.
“French Transport Minister Daniel Hoeffel, saying France ''will not and cannot abandon Concorde,'' signed a new agreement with Air France this week. The French Government, which with Britain had spent more than $2 billion developing the world's first supersonic passenger aircraft, will pay 90 percent of the plane's estimated operating losses for the next three years, compared with 70 percent in the past.
Under the new pact, the French taxpayer will contribute $66 million this year to the cost of Air France's champagne-and-caviar service linking Paris with New York, Washington, Caracas and Rio de Janeiro. In 1982, when losses are expected to decline slightly, the subsidy will be about $64 million, and in 1983, $59 million.”