USTR says WTO finds $22 billion in illegal Airbus subsidies

September 22, 2016 10:56 AM EDT

An Airbus signage is pictured at the new Airbus Asia Training Centre in Singapore April 18, 2016. REUTERS/Edgar Su

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

WASHINGTON (Reuters) - The World Trade Organization found nearly $22 billion in illegal subsidies for European aircraft maker Airbus from the European Union, Germany, France, Britain and Spain, the U.S. Trade Representative's office said.

The USTR also said that the illegal subsidies identified by the WTO's dispute settlement panel included more than $4 billion in new subsidized financing for Airbus' new A350 XWB aircraft.

(Reporting by David Lawder; Editing by Chizu Nomiyama)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment