Boeing hails WTO ruling as a "dramatic victory"

04/1/2011 | Seattle Times, The · Wall Street Journal, The

The World Trade Organization on Thursday ruled that about $5 billion in "launch aid" provided to Boeing violated international trade agreements. That finding was significantly smaller than last year's $20 billion ruling against rival Airbus, and Boeing CEO James McNerney called it a "dramatic victory" for the U.S. in a long-running trade dispute with Europe. McNerney also said the ruling was helpful in defining the limits of subsidies, something that will benefit all sides as China and other players get into the commercial aircraft business.

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Seattle Times, The · Wall Street Journal, The

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