Following the appointment of a new USTR just a few weeks ago, Airbus and its shareholders, EADS and BAE Systems, have put strong hopes on a new start for the peaceful settlement of the EU-U.S. trade dispute on aeronautics.
Nothing in the WTO forbids governments from lending money to Airbus. EU government loans to Airbus are WTO compliant and Airbus expects EU governments will continue to loan Airbus funds whenever they seek a good investment. Since the signature of the EU-U.S. Agreement in 1992, Airbus has repaid European governments more than U.S.$6.7 billion. This is 40% more than it has received. So, Airbus is a net ‘repayer’, not a ‘borrower’, from EU governments. Nevertheless, Airbus would be willing to renounce to this system if a comprehensive and balanced agreement is negotiated which would cover all types of funding – wherever they come
Airbus and its shareholders do believe that a negotiated settlement is not only the best way out, but also quite accessible. They do trust into the pragmatism and the solid business sense so many time demonstrated by the American decision makers. The transatlantic dialog has overcome, including recently, too many difficult challenges to fail that one.
About Airbus Industries
Airbus is one of the world's leading aircraft manufacturers, and it consistently captures approximately half or more of all orders for airliners with more than 100 seats.
Airbus' mission is to provide the aircraft best suited to the market's needs and to support these aircraft with the highest quality of service. The Airbus product line comprises 12 aircraft models, from the 100-seat single-aisle A318 jetliner to the 555-seat A380 - which will be the largest civil airliner ever when it enters service in 2006. airbus.com/en/presscentre/
Boeing is the world’s leading aerospace company and the largest combined manufacturer of commercial jetliners and military aircraft. With additional capabilities in rotorcraft, electronic and defense systems, missiles, rocket engines, satellites, launch vehicles and advanced information and communication systems, the company’s reach extends to customers in 145 countries. In terms of sales, Boeing is one of the largest U.S. exporters.