World Trade Organization rules against Airbus

Started by WMAveteran, September 05, 2009, 05:56:29 PM

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WMAveteran

For those of you transit fans (like me) who are also interested in air travel, both THE WASHINGTON POST and THE NEW YORK TIMES reported on 9/5/2009 that the World Trade Organization (WTO) issued a 1,000 page preliminary report in a five-year investigation which "found that Airbus received illegal subsidies for the $13 billion A380 superjumbo jet and several other airplanes (A300, A310, A320, A330 and A340), hurting Boeing in the battle for sales, ..."  Airbus is owned in large part by France, Germany and Britain which use taxpayer funds to subsidize Airbus.  Boeing does not receive such taxpayer infusions from the United States.