USTR says WTO finds $22 billion in illegal Airbus subsidies
WASHINGTON (Reuters) - The World Trade Organization found nearly $22 billion in illegal subsidies for European aircraft maker Airbus from the European Union, Germany, France, Britain and Spain, the U.S. Trade Representative's office said.
The USTR also said that the illegal subsidies identified by the WTO's dispute settlement panel included more than $4 billion in new subsidized financing for Airbus' new A350 XWB aircraft.
(Reporting by David Lawder; Editing by Chizu Nomiyama)
© Copyright Reuters Ltd. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Reuters Ltd.
