Airbus and Boeing products running behind schedule

[BigDUSA 71]

Boeing claims 'sweeping victory' in WTO Airbus ruling

 

WASHINGTON (AFP) – Boeing claimed a "sweeping legal victory" Wednesday following the WTO ruling that some European state subsidies to aircraft giant Airbus are illegal.

 

Boeing said the ruling would require Airbus to repay four billion dollars under the illegal subsidies, a claim disputed by the European aerospace giant.

 

"This is a landmark decision and sweeping legal victory over the launch aid subsidies that fueled the rise of Airbus," said Boeing CEO Jim McNerney.

 

The six-year US complaint had held unfair subsidies from the EU to Airbus worth up to 200 billion dollars (139 billion euros) helped the European maker seize more than half of the market for civil airlines.

 

Under the panel's ruling, Airbus "must repay the four billion dollars in illegal launch aid it received for the A380 or restructure the A380's financing to proven commercial terms," said Boeing general counsel J. Michael Luttig.

 

"Likewise, Airbus must abandon its plans to finance the A350 through the use of illegal subsidies," he said.

 

McNerney said the Office of the US Trade Representative deserves "tremendous credit" for the decision.

 

"We now join the US government in urging full compliance with the ruling and a permanent restoration of fair competition within our industry," he said.

 

US Trade Representative Ron Kirk earlier claimed an "important victory" in the ruling, which he said "will benefit American aerospace workers, who have had to endure watching Airbus receive these massive subsidies for more than 40 years."

 

An industry source has warned the European Union would appeal the ruling.

 

Seventy percent of the US claims "were rejected and wild allegations have been proven wrong," Airbus said in a statement.

 

"Neither jobs nor any profits were lost as a result of reimbursable loans to Airbus," said the European aircraft giant.

Quote

 

Looks like the EU taxpayer is in for a big payback from Airbus. Don't spend it all in one place. Airbus WTO

Edited June 30, 2010 by BigDUSA

[CheshireTom 1,377]

Looks like the EU taxpayer is in for a big payback from Airbus.

 

There are two chances. Zero and nil. Why would they want to do that?

 

For a European Citizen, you have a very negative attitude. I don't know how you can hold your head up around the streets of Dublin. Your family must be ashamed of you.

Edited June 30, 2010 by CheshireTom

[BigDUSA 71]

There are two chances. Zero and nil. Why would they want to do that?

 

For a European Citizen, you have a very negative attitude. I don't know how you can hold your head up around the streets of Dublin. Your family must be ashamed of you.

 

Your such a silly willy fella. I've got a positive attitude toward life and now that the WTO has stopped Airbus from reaching into the EU taxpayer pocket..........

 

No need for my family to be ashamed of me. I'm not the guy who went home and lied to my family when I told them lies about the Asian prostitute I planned on marrying. My family was proud of the quality women I married. My parents were proud that I attended Cambridge. Then again they were so proud that I started with dollar 1 and invested it so it became many dollars.

 

My family has many reasons to be proud of me. Good war record. Great husband and even better dad to our daughter plus I'm a all around good guy with many friends.

[CheshireTom 1,377]

Your such a silly willy fella. I've got a positive attitude toward life and now that the WTO has stopped Airbus from reaching into the EU taxpayer pocket..........

 

But they haven't stopped anything, have they. They can't enforce anything.

 

No need for my family to be ashamed of me. I'm not the guy who went home and lied to my family when I told them lies about the Asian prostitute I planned on marrying.

 

Are you saying that you kept Wassanna a secret from your family?

 

My family was proud of the quality women I married. My parents were proud that I attended Cambridge. Then again they were so proud that I started with dollar 1 and invested it so it became many dollars.

 

My family has many reasons to be proud of me. Good war record. Great husband and even better dad to our daughter plus I'm a all around good guy with many friends.

 

I think we've disproved your fantasies in the past. No need to go over old ground.

[BigDUSA 71]

But they haven't stopped anything, have they. They can't enforce anything.

 

Are you saying that you kept Wassanna a secret from your family?

 

I think we've disproved your fantasies in the past. No need to go over old ground.

 

WTO has passed down their ruling. We shall see how it plays out.

 

I never married Wassanna.

 

Only in your own mind have you disproved anything. Like I said, I'm the only forum member who has offered up proof to back up my various claims. Yeah gotta love those original documents. No BS phony baloney photo shopped nonsense you post.

[CheshireTom 1,377]

WTO has passed down their ruling. We shall see how it plays out.

 

Well, as of today no government has indicated that it's asking for any money, neither has Airbus indicated that it will be paying any. Quite the opposite in fact.

 

I never married Wassanna.

 

You were planning on doing so, which is what you said. Like most of your plans though, it doesn't seem to have come to very much. What did you say at the time? Oh yes, you couldn't afford to.

 

Only in your own mind have you disproved anything. Like I said, I'm the only forum member who has offered up proof to back up my various claims. Yeah gotta love those original documents. No BS phony baloney photo shopped nonsense you post.

 

Jeez, how ungrateful can you get. I offered to fly you and your family down to Songkhla so we could go over your docs. Unsurprisingly, you declined.

[BigDUSA 71]

Well, as of today no government has indicated that it's asking for any money, neither has Airbus indicated that it will be paying any. Quite the opposite in fact.

 

You were planning on doing so, which is what you said. Like most of your plans though, it doesn't seem to have come to very much. What did you say at the time? Oh yes, you couldn't afford to.

 

Jeez, how ungrateful can you get. I offered to fly you and your family down to Songkhla so we could go over your docs. Unsurprisingly, you declined.

 

Like I said we shall see how it plays out.

 

I never asked her about marriage. Like I said, I thought about it and that's as far as it went.

 

My proof was available in Pattaya. You were in Pattaya at the time. You could have seen them but you didn't.

[CheshireTom 1,377]

Like I said we shall see how it plays out.

 

Very slowly is the answer.

 

 

I never asked her about marriage. Like I said, I thought about it and that's as far as it went.

 

Until you realised you were skint.

 

My proof was available in Pattaya. You were in Pattaya at the time. You could have seen them but you didn't.

 

When was that? The last time I was in Pattaya was April of this year. I offered to have a cup of tea with you but you declined. Just as you did in BKK. You're like the Scarlet Pimpernel when it comes to meeting up.

Edited July 1, 2010 by CheshireTom

[BigDUSA 71]

Very slowly is the answer.

 

Until you realised you were skint.

 

When was that? The last time I was in Pattaya was April of this year. I offered to have a cup of tea with you but you declined. Just as you did in BKK. You're like the Scarlet Pimpernel when it comes to meeting up.

 

No you offered to discuss giving my money back that you stole from me. I wasn't interested in discussing anything. I wanted my money back and if you didn't cough it up there would have been a major problem.

[CheshireTom 1,377]

No you offered to discuss giving my money back that you stole from me. I wasn't interested in discussing anything. I wanted my money back and if you didn't cough it up there would have been a major problem.

 

LOL. You mean my flight costs - much appreciated. You didn't mention any problem at the time, nor did you make any mention of having your 'proof' to hand. As far as I'm aware, I haven't "coughed it up" and I've not encountered any problem whatsoever, never mind a major one. I think you're indulging in your fantasies again. What about BKK?

[Samsonite 181]

The BBC version of the story:

 

"EU Airbus subsidies illegal, says WTO

The EU paid illegal subsidies to aircraft giant Airbus, the World Trade Organization (WTO) has ruled, in the latest twist in a long-running dispute.

 

The US lodged a complaint with the WTO six years ago, but the decision has only now been made public....."

 

Read the story at the following link:

 

http://news.bbc.co.uk/2/hi/business/10463761.stm

Edited July 1, 2010 by Samsonite

[CheshireTom 1,377]

The BBC version of the story:

 

And a sensible take on events from the US .... BigD should note the answer to the first question.

 

 

[BigDUSA 71]

And a sensible take on events from the US .... BigD should note the answer to the first question.

 

 

You should take note of question three. Seems that Airbus sucked the EU into funding a plane that looks to be a loser. Once again this shows the EU taxpayer getting screwed by Airbus.

[wacmedia 277]

Hi,

 

I wonder what the WTO will call all the state incentives, tax breaks, cross subsidies of the commercial division by inflated military contracts etc.. The WTO will give the case against Boeing next month.

 

European support for Airbus was not found to have affected jobs or profits in the US aircraft industry, the report said, rejecting the US claim that state support had materially impacted the sector.

 

And Airbus said that the support system itself - based on loans repaid as planes are sold - had not been faulted.

 

The WTO is also expected to rule on whether the US illegally supported Boeing in a similar way next month.

 

"Only then will we have a fuller and more balanced picture of this dispute," said EU Trade Commissioner Karel De Gucht

[CheshireTom 1,377]

You should take note of question three. Seems that Airbus sucked the EU into funding a plane that looks to be a loser. Once again this shows the EU taxpayer getting screwed by Airbus.

 

As you are fond of saying, time will tell. 4 bn seems a cheap price to pay to become the world's No 1 aircraft producer. Try to look at the big picture - we're perfectly happy sat here listening to the No 2 complaining how unfair it all is.

[MrMango 665]

As you are fond of saying, time will tell. 4 bn seems a cheap price to pay to become the world's No 1 aircraft producer.

Why stop there?

 

Give them 40bn and maybe then they can almost give away the 380's.

 

If a little bit of a subsidy is good, then a lot would be better, according to wacko lib theory

[Samsonite 181]

Why stop there?

Give them 40bn and maybe then they can almost give away the 380's....

They already do and still have only sold 234 over the last 10 years and only

29(?) of those have been delivered. Plus, almost 50% of a380 sold have been bought

by one customer.

Edited July 1, 2010 by Samsonite

[CheshireTom 1,377]

Why stop there?

 

Give them 40bn and maybe then they can almost give away the 380's.

 

If a little bit of a subsidy is good, then a lot would be better, according to wacko lib theory

 

 

Subsidy/bailout - what's the difference?

[MrMango 665]

Subsidy/bailout - what's the difference?

It doesn't matter - Free money is free money.

 

Libs love to give other peoples money away!

[CheshireTom 1,377]

Libs love to give other peoples money away!

 

What's a Libs?

[reneener 0]

I think some members on this forum are in love...

 

[MrMango 665]

What's a Libs?

A liberal - you know - someone who wants to take your money and give it to someone else (Less a little for the overhead).

 

From now on, I will continue to refer tho you as wacko leftists

 

Happy now?

[CheshireTom 1,377]

A liberal - you know - someone who wants to take your money and give it to someone else (Less a little for the overhead).

 

We call that a bank.

[MrMango 665]

We call that a bank.

Very creative! I like that!

 

They however do not take anything against our will- we give it to them.

 

A BIG difference.

[wacmedia 277]

If a little bit of a subsidy is good, then a lot would be better, according to wacko lib theory

 

Hi,

 

What is your opinion of the funding of Boeing then ?