HC Deb 19 July 1988 vol 137 c536W
Mr. Teddy Taylor

To ask the Chancellor of the Duchy of Lancaster what recent discussions he has had with British Aerospace plc about the extent of the losses made over the production of Airbuses; and if he will make a statement.

Mr. Kenneth Clarke

I have discussed on several occasions with the chairman and chief executive of British Aerospace the difficulties faced by the company in connection with their participation in the Airbus project. The details of our discussions must remain commercially confidential.

Mr. Teddy Taylor

To ask the Chancellor of the Duchy of Lancaster if he will make a statement showing the various amounts of grants, loans and other financial aids offered to British Aerospace plc in connection with the production of Airbuses; and if he will make a statement.

Mr. Kenneth Clarke

No funding has been made available for Airbus production work. Launch aid funds development and design work only.

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