EU backs Airbus in Boeing spat
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BRUSSELS/BANGKOK  - The EU on Wednesday backed Airbus in a row over state subsidies with U.S. rival Boeing Co.  while yet another client of the European planemaker threatened to cancel orders for the A380 superjumbo.
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The United States and the European  Union averted a legal clash over rivals Airbus and Boeing  Tuesday, agreeing to talks on eliminating billions of dollars  in subsidies to the world's top two plane makers.
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A top Boeing Co. official said on Friday he was optimistic the European Union would agree to end government aid to develop new aircraft, which has helped its chief rival Airbus grab more than half of the civil aircraft market.
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Airbus reacted forcefully to a US complaint filed with the World Trade Organisation about European state aid for the European aircraft manufacturer, saying Washington's move underscored rival Boeing's dependence on &quot;WTO-incompatible subsidies&quot;.
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The European Union rejected the ``unilateral termination&#39;&#39; by the US of a 1992 accord that sets limits on government subsidies for Boeing Co.
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Europe is willing to stop providing  government loans to help Airbus develop new aircraft as long as  the United States no longer provides similar aid for Boeing, a  top European Union official said on Friday.
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Aircraft manufacturer Boeing Co. expects the "full elimination" of European subsidies to Airbus for development of new aircraft, a senior Boeing executive said Thursday.
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The US and European Union, the world&#39;s two largest trading partners, filed dueling complaints at the World Trade Organization, arguing that aid to aircraft makers Airbus SAS and Boeing Co.
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The United States and the European Union said yesterday that they would try to settle a dispute over aid they give their major airplane-makers, stepping back from a transatlantic clash over government support for rivals Boeing Co. and Airbus SAS.
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The United States and the European  Union took their fight over billions of dollars in subsidies  for Airbus and Boeing to the World Trade Organization on  Wednesday.
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The European Union said Tuesday it will accept cuts in subsidies for Airbus Industries if Washington reduces aid for its main trans-Atlantic competitor, Boeing Co.
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Business & money: Boeing thrpws down the gauntlet to its loss-making European rival Airbus.
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The European Union&#39;s head office said Thursday member state Italy could find itself in the middle of a trans-Atlantic Boeing-Airbus dispute because of a state-owned company&#39;s involvement with the US aircraft producer.
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The European Union said Saturday it was willing to consider "disciplining" government support to European aircraft maker Airbus &#151; but only if the United States does the same for rival Boeing Co.
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BAE Systems will agree to sell its 20 percent stake in Airbus to the Franco-German aerospace firm EADS for 1.9 billion pounds (2.8 billion euros, 3.6 billion dollars).
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The European Union voiced confidence on Thursday that it could win its case against the United States at the World Trade Organization (WTO) over state aid for aircraft rivals Boeing and Airbus.
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BRUSSELS, Belgium  - The European Union and the United States agreed Tuesday to settle their Airbus-Boeing aircraft subsidy dispute through bilateral talks and not challenge each other at the World Trade Organization.