EU fails to comply with Airbus subsidy ruling: WTO
US officials say planemaker did not undo subsidies worth US$22b
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Hyundai Motor plans to add hybrids to US plant within current investment
Boeing cargo plane lands in Istanbul without front landing gear, no casualties
Uber shares tumble on surprise net loss, weak second-quarter forecast
New law increases control of ownership, management of critical transport firms in Singapore
Premium for big car COEs tops S$105,000 while that for mainstream cars hovers below S$95,000
Toyota sees 20% full-year profit decline after blockbuster Q4