The logo of Boeing (BA) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/File Photo

The logo of Boeing (BA) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/File Photo (Copyright Reuters 2016)

Boeing CEO hails WTO ruling on EU subsidies to Airbus

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Boeing Co's Chief Executive Officer welcomed a ruling on Thursday that found the European Union had not complied with remedies set by the World Trade Organization for subsidies to rival planemaker Airbus .

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The ruling "finally holds the EU and Airbus to account for their flouting of global trade rules," Chief Executive Officer Dennis Muilenburg said in a statement.

(Reporting by Alwyn Scott; Editing by Chizu Nomiyama)