The World Trade Organization has ruled that Boeing benefited from illegal subsidies from the U.S. government.
The WTO ruling comes after a long-running battle between Boeing and its rival, Airbus, over research help and financing that the two plane makers have received.
The European Union alleges that Boeing recieved almost $24 billion in illegal subsidies, including research grants and free use of technology from NASA and the Department of Defence.
Airbus, however, issued a statement that said the report shows Boeing received “at least $5 billion” in illegal subsidies. Airbus said the ruling, when made public, will show that without those illegal subsidies, “Boeing would not have been able to launch the 787.”
If confirmed, the allegation about the funding of the 787 Dreamliner is certainly serious.
Boeing claimed that the WTO had come out in its favor. “The WTO rejected almost all of Europe’s claims against the United States,” it said in a statement. “Nothing in today’s reports even begins to compare to the $20 billion in illegal subsidies that the WTO found last June that Airbus/EADS has received.”
Airbus said it expects the dispute to carry on for “several more years,” and that a negotiated settlement is the only way to resolve it.
This little museum consists of two galleries that showcases arts and crafts from around the globe. It gives visitors a chance to learn more about the origins of these pieces and cultures of the people who made them. A small gift shop is also located within the museum, Address: 5814 Wilshire Boulevard Tel: (323) 937 4230. Website: www.cafam.org ...
Reliant Astrodome, known simply as the Astrodome, is fondly called 'the eighth wonder of the world', and has been home to The Astros, a Major League baseball team. Designed by engineer Jack Boyd Buckley, it is a multi-purpose stadium designed for both baseball and football. It is most known for the artificial grass used called Astroturf. Website: www.reliantpark.com/relianta...
For an artistic experience visit the Camp X which is a theatre featuring English as well as international artists. On weekdays its timings are between 2 pm till 6 pm while on weekends it’s open for the general public from 2 pm to 4 pm. Address: Smallegade 2 & Frederiksberg Allé 102 (Next to City Hall) Telephone: +45 70 20 10 31 ...
St. George Cathedral serves Lebanon’s Maronite Christian community. The church dates back to 12th century crusaders, but the modern iteration was built between 1884 and 1894. The interior design is inspired by the basilica, a large open hall dating to Roman times, specifically the Basilica di Santa Maria Maggiore in Rome. The façade is neoclassical, designed by Italian architect Giuseppe Maggio...