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On 12 March 2012, the appellate body of the WTO released its findings confirming the illegality of subsidies to Boeing whilst confirming the legality of repayable loans made to Airbus. The WTO stated that Boeing had received at least $5.3 billion in illegal cash subsidies at an estimated cost to Airbus of $45 billion.
The United States and EU accuse each other of paying billions of dollars in subsidies to Boeing and European planemaker Airbus in a pair of cases dating back to 2004. ... dollars in subsidies to ...
If Airbus, Bombardier and maybe others can rely on government subsidies, its managers think Boeing could lose its ability to innovate and price its products competitively, thus jeopardizing its long-term survival. [47] Unexpectedly, Boeing action could increase manufacturers concentration and reinforce itself and Airbus market power. [48]
The dispute ended after the EU threatened to impose 15% tariffs on U.S. aircraft for similar subsidies to Boeing. There are some parallels with the EU’s current probe into Chinese automakers ...
Losses to Boeing’s suppliers total $900 million in the first four weeks, while non-Boeing Seattle workers impacted by the strike have seen losses of $102 million.
All airline tickets cost at least 40 euros in total. [9] This ended the practice of selling tickets as cheap as 10 euros (for example by Ryanair's Austrian subsidiary Lauda, which offered 100,000 tickets for 9.99 euros in 2019; other such cheap airlines in Austria include EasyJet and Wizz Air) in order to discourage flying in general. [11]
In 2006, Boeing was evaluating a successor for the Boeing 737 in the 100–200 seat market within the Boeing Yellowstone Project as the Y1. [7] In 2008, ILFC's Steven Udvar-Hazy told Boeing to develop a midrange 787 derivative, between the 787-8 and 787-3 and industry consultant Richard Aboulafia observed it would be a good replacement for the Boeing 767-300ER. [8]
European planemaker Airbus (AIR.PA) said on Tuesday that the company - along with France, Germany, Spain and the UK - had made some changes regarding loans for the A380 and A350XWB planes to ...