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WTO rules Boeing received illegal subsidies from U.S. government

By  |  March 12, 2012

The World Trade Organization has ruled that Boeing’s subsidies from the U.S. constitutes illegal government subsidies. Boeing had received $5.3 billion in illegal cash grants from 1989 to 2006. Airbus, Boeing’s rival, had charged that illegal aid amounted to more than $19 billion.

In May 2011, a WTO panel found that Airbus had received $18 billion in subsidies from European governments, although not all the aid was illegal.

Full content: Associated Press

 

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