Update 2: EU Is Willing to Cut Airbus Subsidies
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The European Union said Tuesday it will accept cuts in subsidies for Airbus Industries only if Washington reduces aid for its main trans-Atlantic competitor, 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 top trade officials from the United States and the European Union will discuss a row over state subsidies accorded US aircraft manufacturer Boeing and European rival Airbus at a meeting here October 18, a European Commission spokeswoman said.
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Airbus has criticised a US move to take a fight about subsidies to the World Trade Organisation, saying it shows its rival&#39;s unwillingness to address its own subsidies.
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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.
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Airbus parent EADS said Wednesday it has chosen three European companies as preferred bidders for six manufacturing sites it is selling in a major restructuring plan.
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European aircraft maker Airbus is close to clinching two key orders valued at three billion dollars (2.28 billion euros) from China for its new A380 plane.
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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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The EU and US agree to start talks on ending subsidies given to aircraft makers, the EU Trade Commissioner Peter Mandelson says.
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The US and the EU have agreed to hold further talks in order to avoid legal action in the trade dispute over government support for Airbus and Boeing.
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The European Union and the United States agreed Tuesday to defer pursuing complaints with the World Trade Organization while they attempt to settle their dispute over subsidies to Airbus and Boeing through bilateral talks.
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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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The EU and US agree to start talks on ending subsidies given to aircraft makers, the EU trade commissioner says.
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Airbus confirmed Wednesday that it will cut 10,000 jobs across its European operations as it struggled against a weak dollar and costly delays to its flagship A30 superjumbo.Comment
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European companies would be allowed larger stakes in U.S. airlines under a tentative agreement reached yesterday between the United States and European Union. It also would give carriers more freedom to choose trans-Atlantic routes, potentially leading to lower fares.
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Troubled planemaker Airbus  confirmed 10,000 job cuts and announced plans to sell all or  part of six factories on Wednesday, as workers protested and  European politicians hailed a hard-fought compromise.
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The United States and the European  Union averted a legal clash over Airbus and Boeing on Tuesday,  agreeing to talks on eliminating billions of dollars in  subsidies enjoyed by the rival aircraft manufacturers.