The Government is to provide GBP600,000 aid to Beagle Aircraft Co.for the development of a?
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Background: The Government is to provide GBP600,000 aid to Beagle Aircraft Co.for the development of a series of light and executive planes, it was announced last night.Mr.Julian Amery, the former Minister of Aviation, agreed this in principle last summer.
The money is a contribution towards launching costs of a range of small and highly efficient aircraft.The firm will repay the Government by a levy on each aircraft sold.
Mr.Peter Masefield, the firm's managing director, told me that the award was most appropriate because of his firm's tremendous export potential.It produced an aircraft which, for price and quality, was ahead of that of any other country.
10,000 a year market
"My firm has no large research and development costs.There is a world market for light aircraft of more than 10,000 a year, going up at more than 1,000 a year.This made it possible to have a long production lien which in turn lowered the cost."
The market is at present dominated by America but Mr.Masefield, recently returned from a selling tour of the Middle East and Australia, says he has a very good chance of taking a lot of business from them.
Beagle Aircraft has works at Shoreham Airport, Sussex, and Rearsby, near Leicester.