Airbus seeks end to squabbling with Boeing after WTO ruling

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.

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 is to issue a ruling Tuesday on a US complaint charging the European Union with illegal subsidies to aircraft manufacturer Airbus, an industry source said Friday."The decision will be made public on Tuesday afternoon," the source said, confirming another source close to the matter. The six-year-old clash over subsidies, in which the EU has also lodged a complaint against Washington for what it claims is US support for Airbus rival Boeing, is one of the most complex trade disputes the WTO has dealt with.

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. ...

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Boeing CEO Jim McNerney said at the White House Thursday he was "heartened" by a WTO ruling reportedly terming government subsidies to his firm illegal, despite EU claims of a win for Airbus.The World Trade Organization report has not yet been published pending a final judgment, but it represents the latest drama in a long transatlantic tussle over government aid to the two aviation and aerospace giants.

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.