US aircraft manufacturer Boeing has won a victory in a 13 year-long dispute with European rival Airbus.
The World Trade Organization has reversed, on appeal, a ruling that Boeing received some state aid to help build its newest aircraft, the 777X.
However, Airbus said, “the ‘game’ is far from over” as other complaints over alleged aid are still to be resolved.
The two aviation giants have been locked for years in a set of disputes at the Geneva-based WTO.
Brussels and Washington have two larger cases pending at the WTO, centered on multiple claims and counter-claims about illegal subsidies for their respective aviation industries.
Airbus estimates it has lost $100bn in sales because of Boeing subsidies.
Dispute resolution solicitors
Suffering a financial or contractual dispute can have serious implications on your business. Our business solicitors will quickly and efficiently put your case together and act on your behalf to recover unpaid invoices. We can advise you on the appropriate course of action and assist with any legal documents or proceedings that may occur.
Call Shalish Mehta in our civil and commercial litigation department on 0161 785 3534 or email firstname.lastname@example.org.
Latest posts by Shalish Mehta (see all)
- Man Utd Supporters’ Trust take action after ticket issues - 16th October 2022
- Elizabeth Ramus loses court case against her daughter over Millionaire ex-husbands will. - 5th October 2022
- Madeleine McCann’s parents lose court case against Portugal detective - 3rd October 2022
- Sony PlayStation faces UK class action lawsuit of up to £5bn - 2nd September 2022
- What is Defamation? - 2nd September 2022