Advised Airbus SAS on State Aid Granted

Compass Lexecon experts assisted Airbus SAS to demonstrate that the State aid it received to save one of its subsidiaries from bankruptcy was compatible with the rescue and restructuring guidelines from the European Commission.

We helped Airbus to allocate restructuring costs between public and private stakeholders to demonstrate that the public contribution to the restructuring was not larger than that of the private investor (the Market Economy Investor Principle-test). The restructuring costs were to be faced over an extended period of time, requiring Compass Lexecon to advise on an appropriate discount rate to assess the present value of the restructuring costs.