WTO: Boeing Received Some $24 Billion in Illegal Subsidies From U.S. Government

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The latest ruling in the Europe/America-gives-illegal-money-to-its-principal-aircraft-manufacturer saga has been handed down. And the score stands at 1-1.

The AP reports today that the World Trade Organization has released a report to U.S. and European officials that shows that Boeing received almost $24 billion in illegal subsides from the U.S. government in the form of free services, research grants, and the use of technology.

The findings come almost a year after the same organization found that European countries were doing pretty much the same thing with Boeing's main competitor, Airbus.

The report hasn't been made public yet, and likely won't be for several more months.

On cue, an Airbus spokesperson swooped in to blast Boeing and its wicked doings. Per AP:

"From today, Boeing can no longer pretend that it doesn't benefit from generous and illegal state subsidies. It has been doing so from the start and it's time to stop the denial," said Rainer Ohler, Airbus's head of public affairs and communications.

Both Airbus and Boeing have appealed previous rulings, as they each seem not to relish the idea of a trade organization rifling through their government-subsidy accounting.

But with trillions of dollars in aircraft contracts up for grabs, it seems unlikely that the under-the-table financing will cease, but rather that people will just get sneakier about it.

 
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