The World Trade Organization’s final report on state aid to Airbus will be similar to that published in September, Bloomberg reports, citing a story in the French publication Les Echos, which cites unidentified people in the U.S. and Europe.
Some of the aid Airbus received for research will be judged as illegal, the report says, while the system of advances later repaid by Airbus will be found legal as long as the interest rate is in line with the market.
Airbus issued a response to the WTO report, saying it learned that 70 percent of the U.S. claims were rejected, while past loans were found to contain a certain element of subsidy. It also said that possible future funding for the Airbus A350 is not affected. U.S. attempts to include the A350 were specifically rejected, it said.
Airbus also said that the panel rejected U.S. claims that the measures have caused job or profit losses in the U.S. aircraft industry.
“Boeing claims of lost U.S. jobs have now been judged and found to be false,” Airbus said.
The results are in “stark contrast to Boeing’s enthusiastic expectations announced only last night in a statement by the company,” it said.
Now, Airbus, the European Union and member states will analyze the ruling in advance of a possible review of the WTO appellate body, it said.
Airbus expects the WTO to issue a report on Boeing in June. “Boeing’s recent WTO enthusiasm is unlikely to survive WTO confirmation that the B787 is the most highly subsidized aircraft program in the history of aviation,” it said.