Aircraft industry
Trade negotiators Peter Mandelson and Robert B. Zoellick clashed in a series of exchanges this week, with Mandelson accusing Zoellick of taking instructions from Boeing and Zoellick responding by accusing Mandelson of conducting trade negotiations through the media. The dispute centers on aircraft subsidies and has been ongoing since November,
European Union
The row between the United States and the European Union over financial support for aircraft makers, Boeing and Airbus, has become a major obstacle to transatlantic cooperation. The dispute centers on whether the EU's assistance to Airbus is in compliance with international rules, while the US claims that
European Union
The United States has indicated it will reopen a World Trade Organisation case against the European Union over "illegal" subsidies for Airbus, a move that has the potential to create transatlantic tension and threaten trade liberalisation talks. The decision comes after talks with the EU failed to reach
Aircraft industry
The dispute between the European Union and the United States over development aid to Airbus and Boeing has reached a stalemate, with US Deputy Secretary of State Robert B. Zoellick warning that the United States is prepared to take the case to arbitration at the World Trade Organization if the
Aircraft industry
Weeks of delicate negotiations between US Trade Representative Robert Zoellick and EU Trade Commissioner Peter Mandelson over government subsidies for Boeing and Airbus imploded on Friday night, leaving the future of negotiations in doubt. According to sources, the talks ended in acrimony, with both sides accusing each other of breaking
Aircraft industry
Weeks of delicate negotiations between US Trade Representative Robert Zoellick and EU Trade Commissioner Peter Mandelson over government subsidies for Boeing and Airbus imploded on Friday night, leaving the future of negotiations in doubt. According to sources, the talks ended in acrimony, with both sides accusing each other of breaking
Aerospace industry
The formal launch of the Airbus A380 super-jumbo jet has set the stage for what could become the most serious trade dispute yet between the US and the European Union. The dispute centers around US criticism of millions of dollars in European subsidies to the Airbus project, which the European
Aerospace industry
Brown & Brown Inc. has expanded its presence in Georgia with the acquisition of two related companies, WMH Inc. and Huffman & Associates Inc., from William M. Huffman Jr. The company will maintain Huffman's current offices in Rome and Canton, Ga., as freestanding Brown operations. Meanwhile, Morgan Stanley
Aerospace industry
At the recent Farnborough air show, Airbus and Boeing announced deals worth a combined $8 billion, highlighting the intense competition in the civil aircraft market. Airbus secured $4.2 billion in confirmed orders, with expectations of an additional $5 billion in deals to be announced today. Rolls-Royce, the aeroplane engine
Aerospace industry
Airbus Industrie's chief executive, Noel Foregeard, unveiled the A3XX, a new double-decker aircraft, at the Farnborough Air Show, promising 10,000 highly-skilled jobs in the UK and protecting 40,000 existing jobs in over 400 UK companies. The A3XX, capable of carrying 480-600 passengers, is set to become
Airlines
French commandos staged a daring raid on a hijacked airliner on Monday, freeing 169 passengers and crew and killing four extremists who had strapped dynamite to the plane's seats. The hijackers, linked to the Armed Islamic Group, had been demanding to be flown to Paris, where they planned
Airlines
Millions of viewers witnessed the high-stakes rescue of 170 hostages from a hijacked Air France airliner, as French commandos from the National Gendarmerie Intervention Group stormed the aircraft and killed the four Algerian Islamic militant hijackers. The operation, praised by French Prime Minister Edouard Balladur, was hailed as a testament
