Airbus seeks end to squabbling with Boeing after WTO ruling

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Airbus expects the final WTO ruling on an EU complaint against Washington over subsidies paid to US rival Boeing to award Europe $45 billion in compensation, a spokeswoman said Tuesday.The World Trade Organization is due to hand over its final report on the issue to the two parties, Europe and the United States, next Monday."It will confirm that Boeing received illegal aid," said Maggie Bergsma, spokeswoman for European aircraft manufacturer Airbus.

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.

In a final decision Monday, the World Trade Organisation ordered the United States to end subsidies and tax breaks for aviation giant Boeing, ruling that such policies resulted in "significant lost sales" for rival European plane manufacturer Airbus.

Airbus expects the final WTO ruling on an EU complaint against Washington over subsidies paid to US rival Boeing to award Europe $45 billion in compensation, a spokeswoman said Tuesday.

GENEVA (Reuters) - The World Trade Organization said on Monday it had upheld the bulk of a ruling that Boeing received billions of dollars of subsidies to compete with Europe's Airbus, as both sides once again claimed victory in a long-running trade row.

The World Trade Organization said on Monday it had upheld the bulk of a ruling that Boeing received billions of dollars of subsidies to compete with Europe's Airbus, as both sides once again claimed victory ...