Mandelson&#39;s peace move in Airbus subsidies battle
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EU Trade Commissioner Peter Mandelson has launched top-level negotiations to avert a damaging economic war between America and Europe over subsidies for aircraft maker Airbus.
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The United States and the European Union faced off on Wednesday over billions of dollars in subsidies for top aircraft manufacturers Airbus and Boeing, by filing competing cases at the World Trade Organization.
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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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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 US will offer an olive branch to Peter Mandelson, the European Union&#39;s new trade commissioner, next week by delaying any escalation of the dispute over subsidies to Airbus and Boeing, a US trade official said on Thursday.
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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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PARIS The parent company of European aircraft maker Airbus has proposed splitting a contested US Air Force contract for refueling tankers with its rival, Chicago-based Boeing.
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US aviation giant Boeing Co. is pressing for an end to subsidies for its European rival Airbus, which will be at the heart of new talks this month between the US government and the European Union.
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The European Aeronautic, Defence and Space Company (EADS), makers of Airbus commercial aircraft, struck back at accusations from US rival Boeing that it had benefitted from unwarranted state subsidies.
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The boss of Boeing Co. insisted Thursday that he is not looking for a trans-Atlantic spat in a dispute over subsidies for Airbus, but also said aid for the rival aircraft maker&#39;s new programs should stop.
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Airbus reacted forcefully Wednesday to a US complaint filed with the World Trade Organisation about European state aid for the European aircraft manufacturer, saying Washington&#39;s move underscored rival Boeing&#39;s dependence on &quot;WTO-incompatible subsidies&quot;.
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Incoming European Union trade commissioner Peter Mandelson criticized the United States on Monday for failing to stick to bilateral talks to resolve a dispute over government aid to aircraft builders Boeing Co. and Airbus SAS.
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European Trade Commissioner Peter Mandelson will announce a development in the U.S.-EU dispute over subsidies to aircraft makers Airbus  and Boeing  Tuesday, his spokeswoman said.
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PARIS The European trade commissioner, Peter Mandelson, and the US trade representative, Robert Zoellick, said Monday that they were prepared to battle over aid to Boeing and Airbus after failing to resolve differences.
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The United States and the European Union clashed Wednesday in a billion-dollar, trans-Atlantic trade war centering on contentions of unfair subsidies for Europe&#39;s Airbus and America&#39;s Boeing, two industry giants.
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US Trade Representative Robert Zoellick and his new European counterpart Peter Mandelson failed to make headway on a trans-Atlantic standoff over subsidies for Airbus and Boeing at a meeting Monday, saying the dispute remains headed for WTO arbitration.
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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.