EU fails to comply with Airbus subsidy ruling: WTO

Paris

THE World Trade Organization (WTO) said on Thursday the European Union (EU) had failed to rein in billions of dollars in subsidies to planemaker Airbus, ratcheting up tensions in the battle for airliner orders worth trillions of dollars a decade.

The ruling is part of a series of tit-for-tat transatlantic complaints about aircraft subsidies that together make up the world's largest trade dispute, still raging after 12 years of bitter arguments over support for Airbus and its rival Boeing.