Boeing wants transatlantic subsidy war out of WTO
AFP, Washington
US aviation giant Boeing Co. is pressing for an end to subsidies for its European rival Airbus, which will be at the heart of new talks this month between the US government and the European Union. The two sides are to hold negotiations on a 1992 aviation accord which allowed European governments to pay up to 33 percent of research and development costs. Boeing is anxious to see that such a deal does not apply to the new Airbus A-380 line of jets, but it does not want the battle to end up before the World Trade Organisation. Greg Dole, Boeing's director for commercial trade policy, said the company had reviewed public documents in Europe and estimated the level of subsidies to Airbus, if borrowed on commercial terms, at approximately 35 billion dollars.
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