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.
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