U.S. Urges Britain Not to Offer Airbus More Loans
The Bush administration urged Britain not to pledge government support to help European aircraft manufacturer Airbus develop a new jet to compete with Boeing.
It “would signal the continuation of subsidies for the A350 [mid-sized jet],” said a spokeswoman for the U.S. trade representative’s office.
Airbus, which is 80% owned by European aerospace company EADS and 20% by Britain’s BAE Systems, hopes to win board approval to develop the A350 by the end of September. The regional jet would compete with Boeing’s 787 Dreamliner.
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