Airbus said on Tuesday it had taken steps to comply with a World Trade Organization (WTO) ruling on subsidies for its A350 and A380 jets, which has seen the United States and Europe trade legal blows on behalf of Boeing and 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 WTO. The EU says it expects to strike a similar legal blow in a parallel case on US support for Boeing later this year.
“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,” it added.
Airbus shares slipped 0.4 percent, slightly underperforming the broader Paris market. The subsidies row coincides with transatlantic tensions over US aluminium and steel tariffs, and the impact on European firms from Washington's decision to exit an Iran nuclear pact.
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