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EU fails to comply with Airbus subsidy ruling: WTO

US officials say planemaker did not undo subsidies worth US$22b
Saturday, September 24, 2016 - 05:50

CLIPPED WINGS: The loans are a 'genuine and substantial' cause of significant lost sales for Airbus's US competitor Boeing, says WTO.


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

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