Eurocopter, the world’s biggest civil helicopter maker, is seeking 550 million euros (US$748.9 million) of state aid to finance the development of its new X4 helicopter, but is not sure to get it, la Tribune reported.
Without citing sources, the newspaper said on Wednesday that the government initially proposed to give Eurocopter 400 million euros in aid, and that the group was trying to negotiate for more. A final decision is expected in February, Reuters reports.
“We will develop this program [the X4] no matter what happens,” said a source within Eurocopter. “But the level of state aid we can get will determine the technology and ambition we can put into the helicopter because we can’t permit ourselves to make excessive investments.”
Eurocopter is a subsidiary of European aerospace giant EADS.