BBC: EU-US seeking deal on air dispute

Taxloss

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Tue Jan-11-05 11:25 AM
Original message

BBC: EU-US seeking deal on air dispute

http://news.bbc.co.uk/1/hi/business/4164755.stm

Excerpt:

The EU and US have agreed to begin talks on ending subsidies given to aircraft makers, EU Trade Commissioner Peter Mandelson has announced.

Both sides hope to reach a negotiated deal over state aid received by European aircraft maker Airbus and its US rival Boeing, Mr Mandelson said.

Airbus and Boeing accuse each other of benefiting from illegal subsidies.

(snip)

Anyone work in aerospace? How big an impact would this have? I know the effect on Airbus could be quite serious.

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Kagemusha

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Tue Jan-11-05 11:34 AM
Response to Original message

1. That USAF/Boeing deal McCain hates is a subsidy too.

A lot of oxen to get gored here on both sides.

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