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
Abu Dhabi and Wizz Air announce establis...
Emirates touches down in Mexico City...
Air Arabia named as Middle East and Afr...
Featured Sights To See
Newstead House

Newstead House

Brisbane, Australia

This house was built in 1846 and is Brisbane’s best known heritage site. Inside you’ll find period antiques, Victorian furnishings, clothes and displays. Phone: 3216 1846 Website: www.newsteadhouse.com.au Location: Breakfast Creek Road     Newstead Opening Times: Mon-Thurs 10am to 4pm Admission: adult/child $6/5 ...

Roman Baths

Roman Baths

Beirut, Lebanon

The Roman Baths were lost to the city for several years and were discovered in 1968-69. It wasn’t until the 1995-97 period of reconstruction that they were fully discovered. Situated behind Bank Street, the site is surrounded by a garden which attempts to recreate the atmosphere of ancient Roman gardens. In addition, there is a small amphitheater for open-air concerts. Rue Riad El Solh, Beirut...

Jabl-e-Noor

Jabl-e-Noor

Makkah, Saudi Arabia

This is the mountain where the first revelations of the Qura'an reached the Prophet Muhammad (SAW) via the arch angel Gabriel. Almost 2500 feet high, at the top of the mountain is the small cave of Hira where the Prophet Muhammad (SAW) usually escaped from society to meditate. This is where arch angel Gabriel spoke to Muhammad (SAW) on behalf of Allah. This is located about 16 km from Masjid-al-Ha...

Merdeka Square

Merdeka Square

Kuala Lumpur, Malaysia

Translated as “Independence Square" KL's Merdeka Square is the place where at midnight on August 31, 1957 the Malayan Flag was hoisted for the first time after lowering the Union Flag. ...