The World Trade Organization today ruled that billions of dollars of European launch aid subsidies provided to Airbus to develop its commercial aeroplanes are illegal.
The US first complained to the WTO six years ago that low or no interest loans provided to Airbus by governments including Spain’s, Germany’s and the UK’s since the 1970s for developing aircraft and for research flouted competition rules. The WTO has upheld the complaint and has deemed that financing for Airbus’ current A380 development…
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