World Trade Organisation rules that European Union failed to remove all Airbus subsidies
Updated : May 16, 2018 06:25 AM IST
The WTO said the EU had failed to remove support in the form of preferential government loans for the world's largest airliner, the A380, andEurope's newest long-haul plane, the A350, causing losses for Boeing and US aerospace workers.
Airbus shares fell shortly after the WTO issued its findings and were poised to close down around 0.86%.
The report comes at a time of mounting trade tensions over US aluminium and steel tariffs and the impact on European firms of Washington's decision to exit the Iran nuclear pact.