World Trade Organization appellate judges sided with the U.S. over illegal government subsidies to Boeing Co., the U.S. Trade Representative’s Office said. Airbus SAS called the ruling a “sweeping loss” for Boeing.
The WTO ruled in March 2011 that the U.S. provided aid to Chicago-based Boeing through federal research grants and state support in developing aircraft including the 787 Dreamliner. The planemaker’s European rival, Airbus, has said the aid to Boeing cost it $45 billion in lost sales from 2002 to 2006. The WTO will publish its report about 5:30 p.m. Geneva time today.
