§ Mr. Arthur Lewisasked the Secretary of State for Industry whether he will publish as at 1 January a detailed balance sheet showing the costs of Concorde, the income derived from same and to what
Total costs and receipts to 31 December 1979 £ million Costs and receipts for year ended 31 December 1979 £ million Development expenditure … 583 22 Production expenditure … 449 27 Total 1,032 49 Production receipts … 211 20 Net costs 821 29 Annual net project costs are expected to reduce progressively as in-service support expenditure declines and is increasingly offset by receipts from the sale of spare parts.
The financial arrangements under which British Airways operates its Concorde fleet are a matter for my right hon. Friend the Secretary of State for Trade.