Boeing spat puts N Ireland jobs at risk: UK Labour Party
It says firm is a "subsidy junkie", accuses it of ruining Bombardier in the case
Washington
BOEING is the "king of corporate welfare", Britain's main opposition Labour Party said, accusing the US aerospace giant of "egregious hypocrisy" in pursuing an illegal-subsidies claim against Bombardier that threatens thousands of jobs in Northern Ireland.
The US slapped 300 per cent of duties on Bombardier's C Series aircraft after upholding Boeing's contention that the Canadian company benefited from state support, allowing it to sell the model more cheaply.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
India’s IndiGo gets into long haul game with Airbus A350 deal
Hertz reports US$392 million loss as it unwinds Tesla fleet burden
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race