Boeing chief lauds "dramatic victory" at WTO
WASHINGTON, March 31
WASHINGTON, March 31 (Reuters) - The United States has won a "dramatic victory" in a dispute with the European Union over government support for aircraft manufacturers, the chairman of Boeing said on Thursday.
A new World Trade Organization ruling shows that Boeing has received far less government aid than what was found for Airbus in a previous WTO ruling, Boeing Chairman and President Jim McNerney said at the U.S. Export-Import Bank's annual conference.
"This was a dramatic victory for clarifying the rules of engagement for developing countries as they start developing products like aircraft," McNerney said.