Air play

British Aerospace is looking for nearly £500m in government aid for the 650-seat A3XX super jumbo airliner that it wants to develop with its partners in the Airbus consortium, it emerged this week. Launch aid, which is repayable from future sales, cannot exceed one third of the development costs, and BAe would be liable for […]

British Aerospace is looking for nearly £500m in government aid for the 650-seat A3XX super jumbo airliner that it wants to develop with its partners in the Airbus consortium, it emerged this week. Launch aid, which is repayable from future sales, cannot exceed one third of the development costs, and BAe would be liable for 20% of the expected £6.3bn-£7.5bn needed for the A3XX. The company said the project would create up to 22,000 jobs in the UK.