Larry Dighera
November 16th 07, 06:23 PM
http://cs.schwab.com/clicker/cli?requestID=storyreader&storyid=9148979&emailMsgID=mcs111311460390bacmr4ts9yaaaaary76unj
The U.S. accuses Airbus of taking advantage of decades of European
subsidies worth the equivalent of up to $205 billion to capture
long-standing Boeing customers and become the world's largest seller
of planes.
The EU, meanwhile, refers to tax breaks, development funding and
outright grants to Boeing as examples of wrongdoing by the U.S.
government and the states of Illinois, Kansas and Washington. It also
accuses the U.S. of providing vast amounts of hidden support to Boeing
through military contracts, citing a total subsidy figure through 2024
of $23.6 billion.
The U.S. accuses Airbus of taking advantage of decades of European
subsidies worth the equivalent of up to $205 billion to capture
long-standing Boeing customers and become the world's largest seller
of planes.
The EU, meanwhile, refers to tax breaks, development funding and
outright grants to Boeing as examples of wrongdoing by the U.S.
government and the states of Illinois, Kansas and Washington. It also
accuses the U.S. of providing vast amounts of hidden support to Boeing
through military contracts, citing a total subsidy figure through 2024
of $23.6 billion.