As expected, the government presents this Tuesday, June 9, at 9 o’clock, his plan of support to the aerospace industry. Either stack fifteen days after the one dedicated to the automotive, announced by Emmanuel Macron. The president of the Republic would have liked to be in charge also, but its agenda, in connection with the municipal elections, did not permit it to be, ” says one to the ministry of the Economy. It is, therefore, at Bercy, and not in Toulouse as it had one time been envisaged that announcements will be made, by several members of the government. Take the floor: Florence Parly, minister for the Armed forces, Elizabeth Bollard, minister of the ecological Transition and in solidarity, Bruno Le Maire, minister of Economy and Finance, Jean-Baptiste Djebbari, secretary of State in charge of Transport, and Agnès Pannier-Runacher, State secretary to the minister of Economy and Finance.
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And then the log of The Echoes suggested a plan to approach the 10 billion euro of aid, the ministry of Economy tells Figaro that this amount will be largely exceeded. The final details of this presentation have been tweaked in the past week between the ceos of the four leaders of the industry (Airbus, Dassault Aviation, Safran and Thales) and the government.
The executive ascends to the niche to support the aerospace industry’s technological excellence where France is the best in the world, alongside the United States. In the wake of the airlines shut down by the crisis of the Covid-19, the industry has plunged into an “existential crisis”, according to Guillaume Faury, chief executive officer of Airbus. To adapt to the contraction of the market, Airbus announced a reduction of one-third of its production, without excluding the possibility of new measures this summer. Behind Airbus, the whole sector, which represents 70 % of the parts, sub-assemblies and equipment of the aircraft, flickers. According to Gifas, 100 sub-contractors, out of the 700 surveyed, are in a very bad position. Among them, chips in technology, whose failure would have an impact on large groups. They have the incentive to intervene on a case-by-case basis, paying bills in advance or by buying raw material for their sub-contractors.
To support the sector in the medium and long term, the government has worked on a plan of historic proportions. It is intended as a lever to accelerate the energy transition and digital sector, while strengthening its competitiveness. At the heart of the device, measures to support demand with incentives for the purchase of new aircraft so that airlines replace their devices more than twenty years. A potential of 2500 aircraft of the A320neo, in the world.
Premium case –
“This is sort of a premium case for the aircraft”, summarizes a close to the folder. This measure reconciles energy efficiency and eco – friendly- as each new generation of aircraft consumes 20 to 25 % less than the previous – and economic efficiency. In this context, the agencies of export credit, of which the Coface in France, will be encouraged to take more risks, guaranteeing volumes of loans more important. “These measures should be articulated at european level or even beyond. The only orders of the French companies will not be sufficient to stimulate the activity of Airbus,” notes one observer.
Second pane, the installation of a support fund dedicated to SMES and intermediate-sized companies “with hundreds of millions of euros in start-up phase” but “whose goal is to mobilize 1 billion euros,” says one. This fund must associate the four French leaders, “who are willing to each invest several tens of millions of euros”, alongside Bpifrance, and other investors such as Ace Management, a subsidiary of the group Tikehau.
The new fund, which some have already baptized Aerofund IV, will be responsible to recapitalize the SMES in difficulty. It should also foster the consolidation of the fabric of SMES in order to build the ETI more solid. And, in a timely manner, take equity stakes in small businesses that possess sensitive technologies, in order that they may not be captured by foreign capital. It is also expected that the SMES whose activity is dual (civil and military) have a facilitated access to the public order of the ministry of the armed forces.
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the Third component of the support plan, the innovation with the implementation of the budgets of upstream research in order to prepare the aircraft of the future, and to build demonstrators. Here, too, the interest is double: to accelerate the ecological transition in the medium term with hybrid devices-and long-term aircraft, “zero-emission”. But also give the workload to the office of studies and to the thousands of engineers who find themselves in part-time unemployment. More than 1.5 billion euros per year over five years will be allocated.
The last component, social, provides for the extension of the measures of activity partially funded by the State at least until the end of 2020. But also, then, like the big industrialists, “measures designed to promote the reduction of jobs without the use of social plans”.
in the Face of a crisis that will last several years, large groups will have to “reconfigure” because “it is impossible to maintain the partial unemployment of the employees pending for years”. “If we apply the ratio of job cuts announced by our foreign competitors, which is of the order of 15 to 20 % of their workforce, are between 30 000 and 40 000 jobs that should be eliminated in France,” says an industrialist.
SujetsEmmanuel MacronAIRBUSSAFRANAéronautiqueAucun commentairemordicusle 08/06/2020 21:57
And proceed to capital increases in order to pass (as in PSA at a time) in an environment that can raise money ?
No, it is sure that it is more comfortable for the shareholders to rely on the taxpayer !
mordicusle 08/06/2020 13:04
30,000 to 40,000 jobs… and more in the output of this operation to support abusive will not solve anything, quite the contrary.
OCPle 05/06/2020 20:06
We could take advantage to put an end to the dictates of the unions of airline pilots! After all, to fly a plane does not demand exceptional skills (this was my job)…
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