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Boeing Claims Victory in Subsidy Case; Airbus Disagrees

The long-running dispute between Boeing Co. (NYSE: BA) and Airbus related to subsidies paid by governments to the two aerospace giants inched forward on Monday when the World Trade Organization (WTO) ruled that incentives granted by the state of Washington to Boeing did not violate international trade rules.

According to Boeing’s press announcement, the WTO’s Ruling ends one of two WTO cases that the EU has brought against the United States.

Airbus reiterates its long-stated view that this transatlantic spat, which lead the WTO to a huge amount of serious work and a large number of important panel reports over many years, can only finally be resolved by negotiations aimed at finding a global agreement to come to a level playing field in government support for the large civil aircraft industry.

It is now up to the European Union to comply with the WTO findings against it, and end the enduring practice of launch aid, which Airbus’ government supporters have continued to provide to each and every Airbus model.

But the EU and Airbus believe that the WTO’s ruling in the earlier case clearly established that Boeing had benefitted from illegal subsidies.

READ MORE (24/7 Wall St.)

  • Boeing gains key win against rivalChampaign/Urbana News-Gazette
  • Boeing hails favourable WTO ruling, slams illegal Airbus subsidiesDIGITALLOOK
  • WTO reverses Boeing 777X tax credit ruling in blow to
  • Boeing scores over rival Airbus as WTO reverses ruling over state aiddomain-B
  • WTO reverses ruling against 777X tax breakFlightglobal
  • Boeing Backed by WTO on $8.7 Billion in Incentives for 777X JetAmerican Journal of Transportation
  • US state aid offered to Boeing ruled legalTravel Weekly UK
  • US Boeing wins case against EU's Airbus at WTONew Europe
  • WTO Reverses Decision On US Boeing

This post first appeared on The 5th News, please read the originial post: here

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Boeing Claims Victory in Subsidy Case; Airbus Disagrees


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