Wednesday, September 9, 2009

EADS suggests settling with Boeing

PARIS – EADS chief Louis Gallois says Airbus did nothing wrong in a trade dispute with the U.S. over subsidies, and called for a negotiated settlement with Boeing. In an interview published Wednesday in La Tribune, a French business daily, Gallois said the system of government launch aid is more transparent than "opaque subsidies" he said Boeing gets. The World Trade Organization ruled last week that Airbus, owned by EADS, received illegal subsidies. (Source: The Associated Press, 09/09/09) Gulf Coast note: Boeing is competing against the Northrop Grumman/EADS team to build Air Force tankers. EADS wants to assemble them in Mobile, Ala.