WTO rules that Boeing benefited from illegal subsidies
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.
More Airlines News
Turkish Airlines launches direct flights to Seychelles from Istanbul
Sunday, 06 November 2016
Turkish Airlines has added Seychelles to its global route map with the airline’s inaugural ...
Emirates arrives in Conarky, Guinea
Sunday, 30 October 2016
Emirates today resumed services between Dubai and Conakry in the Republic of Guinea. The four ...
Turkish Airlines adds Zanzibar, Tanzania, as its 293rd destination
Sunday, 30 October 2016
Turkish Airlines is strengthening its presence in Africa by adding Zanzibar, the most prominent ...
Qatar Airways increases flights to Riyadh and Dammam
Saturday, 29 October 2016
Qatar Airways has announced an increase in services to Dammam and Riyadh, connecting travelers ...
Emirates completes US$11 million renovation of its Business Class lounge at Dubai Airport
Sunday, 23 October 2016
Emirates has completed a major makeover of its Business Class lounge at Concourse B of Dubai ...
Qatar Airways inaugurates service to Helsinki
Monday, 10 October 2016
The inaugural Qatar Airways flight to Helsinki, Finland, landed today. Qatar Airways Group Chief ...
Start your Adventure
North & South America