Boeing urges US to scrutinize EU loan backing Airbus
Bangladesh, July 23 -- Boeing has asked the US government to seek greater transparency over a EUR 3 billion (USD 3.43 billion) financing package approved for Airbus by the European Investment Bank (EIB), reviving concerns over government support for aircraft manufacturers despite a long-standing truce in the transatlantic subsidies dispute. Autos& Vehicles
According to a Reuters report, Boeing requested the Office of the US Trade Representative (USTR) to obtain a full explanation of the loan's terms and assess whether it complies with the 2021 US-EU agreement that paused retaliatory measures stemming from a 17-year World Trade Organization dispute over aircraft subsidies.
The financing package, announced by the EIB in late June, is the...
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