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Aircraft Conflict Still Soaring in the News

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[ Business]

Yesterday, the U.S. and European Union agreed to talks on eliminating billions of dollars in aircraft subsidies, avoided legal conflict over Boeing and Airbus.

This story has been still being featured prominently in the news…

“The Bush administration and the European Union had been poised to file formal complaints at the World Trade Organization over support given to Boeing and Airbus. It would have been the biggest case ever heard by the group’s dispute settlement arm.

Instead, with the profitability of an important industry at stake, they agreed to try to negotiate a new agreement over the next three months.”

“After deep rifts caused by disagreements over the war in Iraq, Bush has indicated he wants to mend fences with Europe.”

Airbus “owned by European aerospace group EADS, also expects orders for its future A350 plane to reach 50 to 60 units by this June, Airbus Chief Commercial Officer John Leahy said at a news conference.”

In a related story, Airbus has stayed ahead of Boeing for the second year with a 53% share of the market for large civil jets.

“Airbus, which seized the civil aviation crown from Boeing in 2003, said it had also won new orders in 2004 for 370 aircraft with a total value based on list prices of USD$34 billion.

These orders represented 57 percent of the world market in volume terms and 54 percent in value terms, Airbus chief Noel Forgeard told reporters.”

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Aircraft Conflict Still Soaring in the News
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