May 22, 2018 / 9:16 AM / 4 months ago

Airbus confirms amendments to comply with WTO over subsidies

PARIS, May 22 (Reuters) - European planemaker Airbus said on Tuesday that the company - along with France, Germany, Spain and the UK - had made some changes regarding loans for the A380 and A350XWB planes to comply with the World Trade Organisation (WTO).

“Airbus and the European member States France, Germany, Spain and the UK have agreed on some amendments to A380 and A350XWB Reimbursable Launch Investment (RLI) loans,” Airbus said in a statement.

“The terms of these amendments – like the terms of the original RLI contracts themselves – remain confidential but they are aligned with current market conditions,” added Airbus.

The move comes after the United States won the right to seek sanctions against European Union goods following a partial victory in its 14-year legal battle against European government support for Airbus at the World Trade Organization. (Reporting by Sudip Kar-Gupta; Editing by Leigh Thomas)

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