Casa gains state aid

CASA IS TO receive further aid from the Spanish Government, aimed at tiding over the state-owned aerospace group until it starts to see returns from Airbus A330 and A340 sales.

The Spanish Government provisionally authorised an extra Ptas 6.3 billion ($47 million) on 23 December and plans to allocate a further Ptas 923 million, says Spanish newspaper Expansion.

The cash is to cover CASA's costs as a 4.2% partner in the Airbus Industrie consortium. As the group begins to recover its costs on the aircraft launches, the aid is meant to be repaid.

Source: Flight International