Skip to comments.WTO finds Boeing got billions in illegal subsidies
Posted on 01/31/2011 12:17:15 PM PST by buzzer
WTO finds Boeing got billions in illegal subsidies, but how many billions?
Boeing received billions of dollars in illegal subsidies, a World Trade Organization panel determined in a ruling released to the parties Monday.
But the two sides offered vastly different accounts of the ruling, which will remain confidential for several more weeks, until the WTO releases official translations.
Airbus said the subsidies amount to at least $5 billion, plus $2 billion more pledged for the future, and cost Airbus at least $45 billion in lost sales -- much more than the impact of illegal subsidies a separate panel found that European nations gave to the European plane maker.
"From today, Boeing can no longer pretend that it doesn't benefit from generous and illegal state subsidies. It has been doing so from the start and it's time to stop the denial," Rainer Ohler, Airbus' head of Public Affairs and Communications, said in a news release. "We expect the WTO dispute to carry on for several more years and as in all trade conflicts, a resolution will only be reached through negotiations. The myth that Boeing doesn't receive government aid is over and we hope this sets the tone for balanced and productive negotiations going forward."
(Excerpt) Read more at seattlepi.com ...
Oh, you’ve missed part one. We’ve sued the EU first. They’ve counter sued. So we’re currently locked up in a “It’s all even Steven” situation.
“And just whats wrong with Pratt and Whitney or GE?”
Gas guzzling Pratts tend to fall appart on the ground and the GEs are french designed (SNECMA) german built (MTU) US assembled (GE). But i personally think this is still the better option then the RB211 based rollers (RB211 + Trent-800/900/1000) that blow up in the air frequently.
This leaves which engines as the only and ultimate option ?!?!
Alternate Headline: Euroweenie Liberal Fascists Attack Capitalist US Companies at WTO.
( The script guys, get with the script, it goes something like this!)
We do not want their cheese, their French Fries or their Muslims.Eff EM.THeir wimmen, well some are OK....Meh!( Olbermann/MSM)
Give us new allies in the World Wide Caliphate Nations!!!!( Says Obama, leaving no crisis unexploited.
Holder remains to be scene.( TODAY I HAVE INDICTED THE BOARD OF DIRECTORS OF BOEING, ALL BONDS AND PREFERRED SHARES ARE CONFISCATED AND HEREBY REISSUED TO THE UNION, pursuant to the executive order of the pResident of the United Fakes.)
Obama( a little later): I am pleased to announce the opening of our new Boeing Factory in Shanghai, People’s Repubic of China).
Presser: Former Mayor Daley: Boeing Announces Affirmative Action Hiring Policies after Obama West Coast Summit)
And in the middle of it all, GE can do NO wrong.( GE proundly comtinues to manufacture subsidized engines for the entire aeroindustry).
Its the fascist pattern folks, just read some 1930s Eurohistory.
"If it is Boeing, you're going to have to be patient..."
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