Leeham News and Analysis
There's more to real news than a news release.
Leeham News and Analysis
- Pontifications: Boeing needs massive reset, and not just with labor October 14, 2024
- How Boeing’s actions affect Products, Airbus: Analysis (Update) October 11, 2024
- Boeing Announces Preliminary Significant Q3 Loss: Cuts 767 Freighter Program, Delays 777X EIS, Major Layoffs October 11, 2024
- Bjorn’s Corner: New engine development. Part 28. Wrapup. October 11, 2024
- Boeing strike hits suppliers, Airbus steps in October 10, 2024
Predictably, Airbus and Boeing claim victory in WTO appeals case
The report is now public and to no surprise, Airbus and Boeing (and the surrogates, the EU and US Trade Representatives) each claim victory.
This excerpt from a Bloomberg report neatly paints the picture.
World Trade Organization appellate judges sided with the U.S. over illegal government subsidies to Boeing Co., the U.S. Trade Representative’s Office said. Airbus SAS called the ruling a “sweeping loss” for Boeing.
AirInsight published the press releases of Airbus and Boeing.
The news services on the Internet haven’t yet posted a full range of reports (as of 0910PDT Monday). We’re not going to bother posting the statements of the warring parties, reflecting our disdain of the entire process in the first place. Readers may search Google News, Yahoo News, et al. and comment–but a reminder to be mindful of our Comment Rules.
Boeing’s official press release seems to be quite light in facts compared to the Airbus one. It sort of gives a hint on who the real winner is here…
If you are interested, you can download the report and summary findings on the WTO website. It doesn’t look major changes in conclusions.
I’ll say it again: Boeing, please STOP this “BOONDOGGLE” for the lawyers
and invest those monies in a better 737MAX, or a (new) 777!
Both OEMs are guilty
This is the essence of the matter: Appeal Report confirms and extends the WTO’s condemnation of massive illegal subsidies to Boeing
Appellate Body rejects nearly 90% of US appeals of the WTO’s earlier findings while validating 100% of EU appeals
Loss of roughly $45 billion in Airbus sales due to illegal Boeing subsidies
B787 is the most heavily subsidized aircraft in aviation history
Whilst neither manufacturer is totally vindicated, the report clearly identifies where equilibriam of blame lies, the main culprit here is beyond doubt.
Time for Boeing to lick it’s wounds, get up & continue to make excellent aircraft on a more level playing field.
Nice to see that they are both happy 🙂
good take away 😀
So now is it time to compare the two findings (EU vs US and US vs EU), see who got a little more and give that money to some charity.
Clean sheet, agree on future subsidy rules and move on
For anyone that thinks gov’t subsidies in our industry will stop in future, I’ve got some beautiful Oceanside property in Kansas for sale – cheap!