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Published on Friday, June 18, 2021

UK joins US, EU in suspending aircraft subsidy dispute






The US and the European Union agreed to halt their long-running spat over subsidies to Boeing and Airbus in order to work together. Their common goal is to counter the threat of China and its state-backed commercial plane manufacturing program.


The UK also agreed to join a five year truce after the US and EU agreed to end trade hostilities which have dragged on for years. They will now concentrate on countering the 'non-market practices' of China in aviation and other sectors.


President Joe Biden welcomed the Boeing-Airbus truce as a 'major breakthrough.'


  


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