Article Abstract:
The United States and the European Union are having a trade fight on the issue of, government aid to Boeing co. and Airbus. The complaints are so large, the United States alleges $15 billion in illegal EU subsidies to airbus while the European Union claims $23 billion in unfair U.S government aid to Boeing, that the outcome could increase costs, not just of air travel, but also of other goods on both sides of the Atlantic.
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Article Abstract:
The complaint, initiated by the American trade representative World Trade Organization against the European Union (EU) on October 6, 2004, which claims that European governments provide unfair subsidies to France-based plane-maker Airbus S.A.S, is highlighted. The United States did approach the EU with concerns about Airbus subsidies in 1999 when Airbus was pursuing its A380 superjumbo.
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Article Abstract:
The company is so pleased with its financial success that Airbus S.A.S. is in the process of constructing a massive building in Toulouse, where the company will begin manufacturing its A380 aircraft that is described as the world's largest commercial jetliner.
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