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FRENCH INDUSTRY WANTS $1.2 BILLION STATE LOAN

French aviation industry body CORAC has proposed that France's government assign it €800 million ($1.2 billion), probably via a public-private partnership, under President Nicolas Sarkozy's national economic recovery loan scheme. The money would be channelled towards research in engine, airframe and avionics technology by companies including Airbus, Dassault and Safran, including for development of Airbus's successor to the A320....

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