U.S. files WTO claims against Airbus funding
From Bloomberg News
The U.S. set out its claims that European government spending on Airbus to develop new planes is illegal, fixing for the first time a deadline for a World Trade Organization decision on the fight with Boeing Co.
The U.S. says Airbus, the world’s biggest maker of commercial aircraft, has benefited from risk-free grants worth $23 billion over the last four decades.
In September 2004, the U.S. asked WTO judges to find that the financing violated global subsidy rules. An initial, confidential decision in the case is scheduled for next September.
