U.S. claims "definitive victory" in Airbus subsidy case

Reuters

The panel found that Airbus had received $18 billion in WTO-inconsistent subsidies that "have caused harm to our industry over the last 20 years," Tim Reif, general counsel for the U.S. Trade Representative's office told reporters in teleconference in Washington.

"This report confirms for decades the European Union and its member states, France, Germany, Spain and the United Kingdom, have provided massive amounts of market-distorting launch aid and other subsidies that are inconsistent with WTO rules," he said.

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The United States lost on some issues in the appeal, but said on the whole "we're enormously pleased with these findings," Reif said. "This definitive victory will benefit American aerospace workers who for decades have had to compete against a heavily-subsized Airbus."

(Reporting by Doug Palmer; editing by Neil Stempleman)