Boeing Urges US to Seek Transparency on €3 Billion Airbus Loans From EU
Boeing said the €3 billion loan needs a full accounting to show it fits the 2021 aerospace subsidy truce, Reuters reported.
- Boeing asked the U.S. government to press the European Union for transparency over a €3 billion loan to Airbus, resurfacing trade tensions days after both sides extended their tariff truce.
- The European Investment Bank announced the loan on June 29, just four days after the EU backed an indefinite extension of the 2021 truce agreement over aircraft subsidies.
- Boeing asked the USTR to request a "full accounting of the terms of this loan," while an EIB spokesperson denied offering unusual support, stating, "This is a normal loan, carrying interest, part of the EIB's overall financing activity."
- The loan supports Airbus investments through 2030, the year Airbus CEO Guillaume Faury plans to begin developing an A320neo successor internally coded as "eAction," raising questions about the assistance package's intent.
- Although a 17-year World Trade Organization battle over subsidies previously triggered transatlantic tariffs, the Trump administration remains reluctant to utilize WTO tools, preferring to navigate trade disputes outside multilateral rules the president opposes.
23 Articles
23 Articles
Boeing asked the US Trade Representative to seek full loan terms and compatibility with the 2021 tariff truce. The post Boeing seeks US intervention for EU loan to Airbus appeared first on in.gr.
Greer Says US Could Act Over $3.4 Billion EU Airbus Loan
U.S. Trade Representative Jamieson Greer said Washington is looking “very closely” at a record 3 billion euro ($3.4 billion) European Investment Bank (EIB) loan package for Airbus, saying the United States would act if the European Union was providing unfair loans to the European planemaker. Airbus and Boeing have been at the center of a nearly two-decade dispute over government support, with the United States and the European Union accusing ea…
Aircraft manufacturer Boeing has asked the US government to investigate a loan to major competitor Airbus. It concerns an amount of no less than three billion euros that Airbus borrowed from the European Investment Bank (EIB) last month. According to aviation expert Joris Melkert of TU Delft, the timing is striking, but it does not necessarily mean a new trade war.
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