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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. A further $2 billion in state and local subsidies that Boeing is set to receive have also been declared illegal.
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 15% that Boeing spends includes all costs, from the raw materials to operating the factories to the labor. So, paying the 33,000 production workers amounts to just a low single-digit ...
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 ...
Each unemployed Boeing employee cost at least one other job in the Seattle area, and unemployment rose to 14%, the highest in the United States. Housing vacancy rates rose to 16% from 1% in 1967. U-Haul dealerships ran out of trailers because so many people moved out. A billboard appeared near the airport: [29]: 303–304 Will the last person
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.
Boeing has continually protested over "launch aid" and other forms of government aid to Airbus, while Airbus has argued that Boeing receives illegal subsidies through military and research contracts and tax breaks. [104]