Boeing Wins One Against Airbus -- Wto: Subsidies From European Nations Illegal

Summary


WASHINGTON - In a victory for Boeing Co., the World Trade Organization sided with the American aviation giant Friday in finding that European countries had provided billions in illegal subsidies to chief competitor Airbus.

The preliminary ruling by the Geneva-based WTO, although expected to be challenged by the European Union, could begin to shake up the $3.2 trillion global market in new jetliners, in which Airbus has overtaken Boeing.

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Boeing Wins One Against Airbus -- Wto: Subsidies From European Nations Illegal

The next shoe to drop will be a decision that may well go the other way: The in...

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