Boeing, Airbus Headed For WTO Court? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.25.16

Airborne 04.26.16

AEA2016 LIVE!!! 0830-1230ET

AEA2016 LIVE!!! 1400-1700ET

AEA2016 LIVE!!! 1100-1400ET

Airborne Hi-Def On YouTube

Airborne 04.25.16

Airborne 04.26.16

AEA2016 LIVE!!! 0830-1230ET

AEA2016 LIVE!!! 1400-1700ET

AEA2016 LIVE!!! 1100-1400ET

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

Tue, Mar 22, 2005

Boeing, Airbus Headed For WTO Court?

Talks On Launch Subsidies Break Down

Government officials say talks between trade representatives from the US and EU have broken down -- threatening to spark again the long-running fight over subsidies to commercial airplane makers.

"Despite our best efforts, it is clear that the European Union is unwilling to eliminate launch-aid subsidies," said Deputy Secretary of State Roberk Zoellick, who was the US trade representative when the matter first came to a head last year. Even though he's moved over to State, he's still on the case. He spoke in an interview with the New York Times.

But the EU's spokesman in Washington said Zoellick's counterpart in Brussells, Peter Mandelson, "is completely surprised that such a statement should be given to the press."

There are still three weeks left to negotiate a settlement in the case of government subsidies by European governments aimed at helping Airbus launch new product lines. The dispute flared over the European aerospace giant's plan to build the A350, which would compete with Boeing's new 787 Dreamliner.

"There are clearly difficult issues at stake," EU spokesman Anthony Gooch told the Times, but Mandelson "doesn't recognize the portrayal of the state of play as offered by the U.S. side. If Mr. Zoellick is announcing that the negotiations are at an end, Mr. Mandelson has not been informed of this development."

As ANN reported last week, Washington's complaint to the World Trade Organization came after former Boeing CEO Harry Stonecipher demanded an end to launch aid given Airbus by European governments under the terms of a 1992 trade agreement. The provision allowed Airbus to take massive government loans for new projects. If the projects flopped, then Airbus didn't have to pay back the loans.

Airbus, on the other hand, accuses Boeing of soliciting -- and accepting -- subsidies from local governments in the form of tax breaks designed to lure Boeing manufacturing facilities.

In his remarks on Friday, Zoellick stopped just short of declaring the talks over. But if the two sides can't reach some sort of agreement before April 11th, the entire matter could end up in a lawsuit filed before the World Trade Organization -- the biggest dispute that body has ever faced.

FMI: www.airbus.com, www.boeing.com

Advertisement

More News

Aero-News: Quote Of The Day (05.02.16)

“The past months were amazing for ARCA Space Corporation, as the ArcaBoard was prepared for production. We couldn’t be happier knowing how fortunate we are to create an>[...]

Delta Orders Additional Airbus A321 Jets

Order For 37 More A321s Brings The Total Order Book To 82 Of The Large Narrowbody Aircraft Delta Air Lines has reached an agreement with Airbus to acquire 37 additional A321s as pa>[...]

Klyde Morris (05.02.16)

Klyde: The More Things Change, The More They Stay The Same! FMI: www.klydemorris.com>[...]

FAA Small UAS Rules Getting Closer

Proposed Regulations For Small UAS Operation Have Been Forwarded To The OMB For A Final Look After waiting for an extended time, the FAA has finally forwarded its proposed regulati>[...]

Airborne 04.26.16: Drone v Airplane-NOT!, eFusion Electric Plane, ANN@AEA-LIVE!!

Also: MU-2 AOA, AMA Responds To Senate FAA Reauthorization, ANN@AEA Live 04/27-0830ET, ANN@AEA Live 04/28-1400ET, ANN@AEA Live 04/29-1100ET A report of a drone possibly colliding w>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC