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Boeing slammed over illegal handouts
Airbus has reacted swiftly to the World Trade Organisation’s (WTO) condemnation of subsidies provided to Boeing by the United States.
The European aircraft manufacturer said the WTO had found Boeing received “at least $5.3 billion” in “pervasive” and “distortive” subsidies causing $45 billion in harm
"This follows years of unfounded accusations and attempts to demonise Airbus, especially during the protracted campaign to win the US Air Force contract for Tanker aircraft," said Airbus head of public affairs Rainer Ohler.
“Finally the truth emerges. Boeing has received and continues to receive subsidies which have a significantly greater distortive effect than the Reimbursable Loans to Airbus.
"Taking the cases together, the WTO has now specifically green-lighted the continued use of government loans in Europe and ordered Boeing to end its illegal cash support from US taxpayers.
"It’s time for Boeing to stop denying or minimizing the massive illegal subsidies it gets."
Ohler said Boeing had “shot themselves in the foot” with the WTO proceedings.
“The company has achieved a massive condemnation of its U.S. funding mechanisms – provided the U.S. is willing to implement the ruling – while the European mechanism has been approved as a legal instrument.
“The only result of this anachronistic battle is that it limits America’s and Europe’s ability to compete with emerging competitors that have access to unlimited government funding.”
By TravelMole Asia Pacific
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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