Airbus seeks end to squabbling with Boeing after WTO ruling

Reuters - A long-running transatlantic trade dispute over illegal state handouts for Airbus and Boeing comes to a head Thursday with the latest ruling from the World Trade Organization.

European aerospace giant Airbus expects the World Trade Organisation to rule that US rival Boeing received billions of dollars in illegal subsidies, a spokeswoman said on Monday.Wednesday's interim WTO panel report could herald a negotiated settlement to the long-running dispute between the two companies over multi-billion-dollar government subsidies, with both sides filing rival complaints with the WTO.

GENEVA (Reuters) - The European Union launched a complaint at the World Trade Organization on Tuesday accusing the United States of failing to withdraw subsidies for Boeing by Sept 23, as required by an earlier WTO ruling. The EU's complaint is part of a seven-year trade battle between Washington and Brussels over subsidies for Boeing and Airbus . Both have won WTO rulings that the other paid billions of dollars of illegal subsidies to its aircraft industry. The U.S. ...

European aircraft maker Airbus received state subsidies that hurt U.S. rival Boeing Inc., but not all of them were illegal under international rules, the World Trade Organization said Wednesday.

European aerospace giant Airbus expects the World Trade Organisation to rule that US rival Boeing received billions of dollars in illegal subsidies, a spokeswoman said on Monday.

The World Trade Organization will hand down on Wednesday a preliminary ruling to the European Union and the United States on their bruising dispute over multi-billion dollar US state support for Boeing.The much-awaited ruling on the tit-for-tat dispute comes a year after the WTO issued a similar confidential interim ruling which condemned Brussels for providing subsidies to Airbus.Diplomatic sources said that the WTO's decision on Wednesday is likely to bring a balance to the bitter dispute.

The World Trade Organisation has ruled that some European state subsidies for Airbus are illegal and called for them to be removed.The European Union executive committee said they were “disappointed”, while Boeing claimed a “sweeping legal victory”.