US Trade Representative Jamieson Greer has raised concerns regarding the status of a recent €3 billion European Union loan extended to Airbus, unveiled in June this year. This action is creating instability within the existing transatlantic agreement concerning aircraft subsidies. Greer urged for a swift resolution to address his questions about the support provided to the European airframer. The situation represents ripples emerging from the established truce between the United States and Europe. Negotiations are now critical as the US trade agency scrutinizes the details surrounding the substantial financial commitment made by the EU.
Continue reading at www.flightglobal.com
This PlaneNews briefing summarizes reporting originally published by www.flightglobal.com.
Read the original article →