Aircraft industry
The European Aeronautic Defense and Space Company (EADS) has offered to eliminate all government soft loans for Airbus, its majority-owned subsidiary, in an effort to settle a dispute with the United States and avoid costly litigation at the World Trade Organisation. This move comes as Airbus is set to announce
Aircraft industry
The Boeing Company and Airbus have been embroiled in a long-standing dispute with the US and EU authorities over billions of dollars in subsidies. The US complaint, lodged with the World Trade Organization (WTO) on May 30, focuses on $1.7 billion in new risk-free launch aid subsidies for the
Airbus S.A.S.
After a five-year period marked by corporate blowups, scandal, and financial meltdowns, there are signs that the decade of scandal might be starting to slow down. The Supreme Court has overturned a big white-collar corruption conviction, a key regulator is stepping down, and the Securities and Exchange Commission (SEC) is
Airbus S.A.S.
Disputes between the US and the European Union over support for Airbus and Boeing have escalated, threatening to derail global efforts towards freer trade. The EU has announced it will revive its case against US support for Boeing, and the US has initiated WTO litigation against the EU for loans
Aircraft industry
In a democratic market economy, rarely has the linkage between business and politics been as blatant as in the decision by Air India to cancel plans to split a $7bn contract between Boeing and Airbus and award the entire order to Boeing. This move, allegedly taken to fend off US
Aircraft industry
New Delhi -- India's decision to favor Boeing over Airbus for a $7bn upgrade of its fleet has sparked fears of a US protectionist backlash and geopolitical tensions, according to a senior government official. The official revealed that India's fears of a US protectionist backlash were
Aircraft industry
Boeing's victory over Airbus has become more pronounced with the announcement of two massive orders from Air India and Air Canada. These orders, worth a combined $13 billion, highlight Boeing's success with its 787 Dreamliner aircraft. The orders from Air India and Air Canada bring Boeing&
Aircraft industry
Boeing has secured a major victory in its competition with European rival Airbus after securing a large order from Air Canada. The Canadian airline has agreed to purchase 32 wide-body aircraft, including 14 of Boeing's latest 787 model. This order marks a significant shift in Air Canada'
European Union
European Union Trade Commissioner Peter Mandelson has criticized America's "onesided view over subsidies" as the deadline to resolve the row over support to aviation giants Boeing and Airbus expired. The 90-day negotiation period has failed to reach an agreement, and both sides may resort to legal
European Union
The United States and European Union have missed a critical deadline to eliminate aircraft subsidies, leaving the future of billions of dollars in loans and tax breaks for top commercial airplane manufacturers uncertain. The two sides were unable to reach an agreement by April 11, despite efforts to negotiate, and
Aircraft industry
The European Union has made an offer to delay payment of launch aid for Airbus's A350 aircraft, which is set to be a competitor to Boeing's 787 Dreamliner, in an attempt to avoid the biggest battle in the history of the World Trade Organisation (WTO). The
Aircraft industry
The European Union has offered to delay the payment of launch aid for Airbus's A350 aircraft, potentially avoiding the largest trade dispute in World Trade Organisation history. The move comes ahead of a self-imposed deadline for settling the dispute over aircraft subsidies. Despite recent tensions between US and
