3/24/2010

The World Trade Organization has confirmed its interim findings that billions of dollars in government loans for development of the Airbus A380 constituted an unfair export subsidy. Sources familiar with the matter said the WTO took a tough stance against the Airbus loans, and rival Boeing Co. hailed the decisions as "a powerful, landmark judgment and good news for aerospace workers across America who for decades have had to compete against a heavily subsidized Airbus." But Airbus disagreed, saying that "70% of the U.S. claims were rejected" and that the WTO did not find that Boeing's performance was harmed by the loans.

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