Airline

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 Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
flydubai to operate some flights from Du...
South Korea Pavilion among top five at E...
Collect souvenirs from the first Emirate...
Featured Sights To See
Süleymaniye Mosque

Süleymaniye Mosque

Istanbul, Turkey

Süleymaniye Mosque is the second largest mosque in Istanbul.  The eponymous sultan commissioned the mosque in 1550 and construction was completed in 1558.  The famed Sinan Pasha, who also designed the Blue Mosque, was the lead architect.  The mosque is located just north of the University of Istanbul, on one of the city's original seven hills. The layout is based on Hagia Sop...

Male

Male

Maldives, Maldives

This beautiful island city, which is the capital of Maldives, is crowded with taxis, motorbikes, business people, hawkers and crisply uniformed school children. Male offers a stark contrast to the other islands of the country with brightly colored tall thin buildings  which reflect the amazingly turquoise water that surround the country. This is where all business activity and overall economic pro...

Spice Souk

Spice Souk

Dubai, United Arab Emirates

Located next door to the Gold Souk, the Spice Souk is an aromatic delight.  An amazing variety of spices is available here.  It’s a must visit if you want to soak in the essence of Arabia.  The narrow alleyways may seem a little daunting at first, but don’t give up – everyone here is friendly and helpful without being too pushy.  If and when you buy something, remember that just about everything i...

Sadu House

Sadu House

Kuwait, Kuwait

Sadu House was established in 1979 in order to safeguard local Bedouin handicraft traditions. This museum display woven works, art, jewellery, wall-hangings, antiques and ceramic goods all handmade by Bedouin tribes of Kuwait. The area has now been converted into a major tourist attraction with family areas, childrens play section, dining area and shopping. It is open from Saturday to Thursday and...