AviTrader sponsorship ad

Airbus confirms compliance with WTO subsidy verdict as sanctions loom

©Airbus A350-1000

Airbus has confirmed that it has taken appropriate measures to comply with the World Trade Organization (WTO) ruling on subsidies for its A350 and aircraft.The ruling by the WTO has cleared the way for the U.S. to impose sanctions at the end of what has been a dispute which has lasted 14 years.

It is anticipated that the roles will be reversed later this year as the WTO gives its verdict on the 's legal action against support provided to Boeing by the U.S. Airbus's chief in-house lawyer in the case said he expects a “devastating” ruling on U.S. support for the and 787 aircraft when the WTO issues its final report.
The current level of tension between the U.S. and Europe may well rise with the threat of aluminum and steel tariffs, while the full impact of the U.S.' withdrawal from the Iran nuclear pact is as yet unknown.

The claim against Airbus was that it had received subsidized government loans, while the complaint against Boeing is that the company had been in receipt of illegal aid through research grants and tax breaks. Airbus has not confirmed how it is complying with the WTO ruling, but has indicated that with the collapse of Russian carrier Transaero and the consequential reduction in expected of the A380 to the carrier, will have limited the effect of any subsidies. A European Commission document has indicated it would repay an A350 loan to the UK government this year and reduce the drawdown on additional loans.

In an interview with BBC Today, Karl Hennessee, senior and head of litigation at Airbus, made it clear that Airbus wanted to move beyond the “ridiculousness” of the WTO legal marathon and create a peace settlement with the U.S. not dissimilar to that which exists between Canada and Brazil which has established an appropriate tone for global aircraft export financing.

Share this Article
Friday June 21, 2024
Honeywell has agreed to acquire CAES Systems Holdings for approximately US$1.9 billion in an all-cash transaction © Honeywell
Honeywell has agreed to acquire CAES Systems Holdings LLC (CAES) from private equity firm Advent International for approximately US$1.9 billion in an all-cash transaction. This represents approximately 14-times the estimated 2024 EBITDA on a tax-adjusted basis... Read More »
Friday June 21, 2024
SITA has taken a significant step into the operations as a service market by acquiring ASISTIM, a company renowned for its airline flight operations services. This move highlights SITA's ongoing pursuit of innovative solutions to help airlines tackle challenge... Read More »
Friday June 21, 2024
Chris Celtruda
Chromalloy Corporation (Chromalloy), an independent provider of critical, high-value components for aircraft engines and gas turbines, has appointed Chris Celtruda as President and Chief Executive Officer (CEO), succeeding Brian Costa, who has elected to retir... Read More »
Friday June 21, 2024
AerFin's new headquarter at St. Modwen Park, Newport © AerFin
AerFin has signed a ten-year lease agreement with St. Modwen Logistics, one of the UK's leading logistics developers and managers, for a new 115,000 ft² facility at St. Modwen Park, Newport, which will serve as the company's global headquarters from the end o... Read More »
Friday June 21, 2024
Joby has received FAA authorisation to use a suite of software tools developed in-house, called ‘ElevateOS’ © Joby Aviation
Joby Aviation, developing electric air taxis for commercial passenger service, has received Federal Aviation Administration (FAA) authorisation to use a suite of software tools developed in-house, called ‘ElevateOS', designed to enable high-tempo, on-demand ... Read More »
Friday June 21, 2024
Latest views on air cargo market developments, covering each of the last five weeks up to Sunday June 16, 2024 © WorldACD
Air cargo rates are holding firm during what is traditionally a quieter period for the market, boosted by continuing strong demand and high spot rates from Asian and Middle Eastern origins, according to the latest weekly figures and analysis from WorldACD Mark... Read More »
Thursday June 20, 2024
© Shutterstock
FDH Aero (FDH), a global provider of supply chain solutions for the aerospace and defence industry, has announced the establishment of FDH Defense Aftermarket, a specialised division of FDH Aero dedicated to serving the defence industry's aftermarket needs. As... Read More »
Thursday June 20, 2024
Baseline testing of the Passport engine to characterise performance before hybrid electric components are added © GE Aerospace
GE Aerospace is developing a hybrid electric demonstrator engine with NASA that will integrate electric motor/generators into a high-bypass commercial turbofan to supplement power during different phases of operation. This involves modifying a passport engine ... Read More »
Thursday June 20, 2024
Rendering of Integrity eVTOL aircraft
CRISALION Mobility, a prominent Spanish company in the design and development of advanced electric mobility solutions, and iJet Aviation, specialists in integrated aircraft management, have signed a cooperation agreement to develop the air mobility sector in t... Read More »
Thursday June 20, 2024
Safran Electronics & Defense and Wojskowe Zakłady Elektroniczne (WZE S.A.) signing the contract © Safran
Safran Electronics & Defense and the Polish company Wojskowe Zakłady Elektroniczne (WZE S.A.) have signed a contract for the first time to supply Safran's Geonyx inertial navigation and pointing systems to the Polish Armed Forces. The total quantity is ap... Read More »
Thursday June 20, 2024
Tahiti Nui Helicopters has chosen ADSOFTWARE to support its aerial operations in French Polynesia ©Tahiti Nui Helicopters
Tahiti Nui Helicopters has chosen ADSOFTWARE as a trusted partner to support its aerial operations in French Polynesia. By providing specialised software solutions to CAMO and logistics teams, ADSOFTWARE enables Tahiti Nui Helicopters' fleet to benefit from a ... Read More »
Thursday June 20, 2024
Condor and flydubai have signed an interline agreement © Airbus
After having signed a reciprocal codeshare partnership with Emirates recently, which will commence in October 2024, Condor and Dubai-based carrier flydubai have signed a reciprocal interline agreement at the IATA Annual General Meeting in Dubai (UAE). Condor p... Read More »
Wednesday June 19, 2024
Anna Wijkander will start her new position of CFO for Saab on September 9, 2024 © Saab
Anna Wijkander, currently Deputy CFO and Head of Corporate Control at Saab, will become the company's new CFO and a new member of Saab's Group Management. This follows Saab's announcement on April 4, 2024, that the current CFO and Deputy CEO, Christian Luiga, ... Read More »
Wednesday June 19, 2024
Image of Croatia Airlines' Airbus A220 aircraft © Airbus
TP Aerospace will be providing MRO services to support Croatia Airlines' requirements for the A220 wheels. The service will primarily be delivered from TP Aerospace's new flagship facility in Brno, Czech Republic. “Croatia Airlines is happy to announce the w... Read More »
Wednesday June 19, 2024
The LOI between airBaltic Training and Diamond Aircraft was signed during the Baltic International Airshow in Liepaja, Latvia © airBaltic Training
airBaltic Training, a subsidiary of the Latvian airline airBaltic, has signed a letter of intent (LOI) with Diamond Aircraft for the acquisition of three all-electric eDA40 and two DA42-VI aircraft. Consequently, the airBaltic Pilot Academy's fleet will grow t... Read More »
Wednesday June 19, 2024
The WestJet Group will add two additional 737 MAX 8 aircraft to its fleet © WestJet
The WestJet Group has announced the acquisition of two additional Boeing 737 MAX 8 aircraft, sourced from Aviation Capital Group and High Ridge Aviation, to be integrated into the airline's operations in 2024. This follows an earlier announcement this month of... Read More »
Wednesday June 19, 2024
Caerdav will open a third maintenance line at its St Athan base © Caerdav
Caerdav is set to open a third maintenance line at its St Athan base, alongside making substantial investments to enhance its in-house capabilities. Following extensive remodelling of one of the company's two hangars to accommodate an additional Boeing 737 or ... Read More »
Wednesday June 19, 2024
Safran has launched the Skyjacker counter-drone system © Safran
At Eurosatory 2024, Safran Electronics & Defense announced the launch of its Skyjacker counter-drone solution. Skyjacker effectively addresses the growing threat posed by drones in battlespaces and at sensitive installations. Its strength lies in its uniqu... Read More »
Wednesday June 19, 2024
Shutterstock
Avolon, a prominent global aviation finance company, has announced the successful raising of US$750 million through a new unsecured credit facility involving a syndicate of seven banks, predominantly from the Middle East and India. This transaction enhances Av... Read More »
Tuesday June 18, 2024
Penny Burtt
Boeing has named Penny Burtt as the new President of the company's Southeast Asia business, effective July 3rd. Based in Singapore, Burtt will oversee Boeing's strategy and operations as the company expands its regional presence. She will also serve as Directo... Read More »
AviTrader MRO magazine Mai 2024 edition

2023 MEDIA KIT

Aviation Media Pack

Subscribe to the most widely accepted news source in the aviation industry!


Free Daily, Weekly and MRO Publications delivered to your Inbox!
News Alerts, Editorials, Marketplace, Executive Interviews +more

Select publications:

*we respect your privacy and AviTrader will not share your email address to any 3rd Parties.

Scroll to Top
AviTrader Publications Corp.

FREE
VIEW