Boeing a ‘Subsidy Junkie,’ U.K.’s Labour Says in Bombardier Spat
- Spokesman alleges U.S. giant wants to hurt rival’s share price
- Gardiner also seeking EU dumping probe into Monarch 737 deal
U.K.'s Gardiner Says EU Should Investigate Boeing
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Boeing Co. is the “king of corporate welfare,” the U.K.’s main opposition Labour Party said, accusing the U.S. aerospace giant of “egregious hypocrisy” in pursuing an illegal-subsidies claim against Bombardier Inc. that threatens thousands of jobs in Northern Ireland.
The U.S. slapped 300 percent of duties on Bombardier’s C Series aircraft after upholding Boeing’s contention that the Canadian company benefited from state support, allowing it to sell the model more cheaply. Labour’s trade spokesman Barry Gardiner said Wednesday that “no aircraft these days comes to market without support from government,” including those produced by Boeing.