Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Airbus says aircraft U.S. sanctions case is empty

12/09/2011 | 12:07pm EST

PARIS (Reuters) - Airbus hit back on Friday at a U.S. decision to press for sanctions in its spat with the European Union over aircraft subsidies and said it had complied with a trade body's findings.

The European planemaker responded after Washington rejected the EU's plan to comply with a World Trade Organization ruling on support and said it would request authorization to impose potentially billions of dollars annually in trade sanctions.

Airbus Head of Public Affairs Rainer Ohler said the United States had made a number of unfounded claims and requests since the start of the long-running dispute which involves mutual claims of unfair aid for Airbus and U.S. rival Boeing <BA.N>.

"Calling for sanctions is just another one of those empty claims. We believe its time for the WTO to review and assess the implementation presented by the EU," Ohler said in an email.

"Airbus is confident it has fully addressed WTO demands in a comprehensive manner."

Boeing said in a statement that Airbus could not comply with the WTO's findings as long as it ignored any non-commercial launch aid it is receiving for its next airplane, the A350.

"Despite the very clear WTO ruling, EADS/Airbus and European governments have failed to remove outstanding subsidies. This illegal subsidization of Airbus products - plane after plane - is unsustainable and must stop now," Boeing said.

Airbus says the WTO case does not cover the A350 and that any funds that project receives will comply with WTO standards. Boeing says the WTO rulings set a clear precedent for the A350.

(Reporting by Tim Hepher)


© Reuters 2011
Latest news "Economy & Forex"
05:56pTexas electricity providers have failed to pay $1.66 billion in overall charges due from the february blackout -ercot
RE
05:56pErcot did not disclose which electricity companies failed to pay power bills, will begin naming firms in future
RE
05:56pTexas power grid operator ercot says another $345 million in charges for electricity, services went unpaid on monday
RE
05:55pNike's North American head steps down after report reveals ties to resale business
RE
05:49pHow a 10-second video clip sold for $6.6 million
RE
05:38pCommunications Services Up On Cyclical Bias -- Communications Services Roundup
DJ
05:27pBitcoin rises 8% to $48,861.48
RE
05:26pUtilities Up As Treasury Yields Level Off -- Utilities Roundup
DJ
05:25pKOSS  : GameStop surges more than 18%, other 'meme stocks' also rally
RE
05:25pNew U.S. COVID-19 cases hit plateau after steep drops
RE
Latest news "Economy & Forex"