US subsidies to Boeing illegal

BBC News

US aircraft manufacturer Boeing received at least $5.3bn in unfair aid from Washington, the World Trade Organization (WTO) has concluded.

The subsidies included money for research and development from the Nasa space agency, a panel of international trade judges has ruled.

Last year the WTO said that Boeing’s arch rival Airbus had received illegal aid from European governments.

The two companies have been at war over state aid for almost six years.

Read More: http://www.bbc.co.uk/news/business-12925024

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