Short Brothers plc

Part of the debate – in the House of Commons at 3:31 pm on 7th June 1989.

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Photo of Mr Tom King Mr Tom King The Secretary of State for Northern Ireland 3:31 pm, 7th June 1989

In respect of the sums involved, the significant amount of money I announced for capital expenditure—£79 million—is, of course, our contribution towards the capital investment that the company will be making. From that, my hon. Friend can form an idea of the substantial investment on top of the £30 million for the acquisition of the present Short shares that the company will be making. Together with that, there will be an opportunity for it to be a full partner in the RJ programme being launched just now, which is an important commitment and investment.