A win for Boeing would be a bit of good news amid weak aircraft orders. But how will a Boeing win affect its chances of going on to win the Air Force's $35 billion aerial refueling tanker contract against the team of Northrop Grumman and Airbus parent EADS?
Boeing, U.S. Seen Winning WTO Case on European Aid to Airbus(Bloomberg) Boeing Co. and the U.S. are set to win a case at the World Trade Organization over $15 billion in European government loans to Airbus SAS, the world's largest aircraft maker, U.S. trade lawyers and former officials said.
A panel of WTO judges is scheduled to rule Friday on a U.S. complaint over loans that the U.K., Spain, Germany and France provided Airbus over four decades. It will be a preliminary ruling in a five-year dispute over aid between Toulouse, France-based Airbus and Chicago-based Boeing.
"If it's a straightforward reading of the rules, the panel should find against Airbus," former U.S. Trade Representative Susan Schwab said in an interview.
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