Boeing Subsidies Total $24B, E.U. Claims

Law360 (March 22, 2007, 12:00 AM EDT) -- Just days after the United States lashed out at the European Union for subsidizing aircraft maker Airbus, the E.U. has responded with allegations of its own.

E.U. officials on Thursday accused the U.S. of offering Airbus rival Boeing Inc. $23.7 billion in subsidies between 1990 and 2004.

In a report presented to a World Trade Organization dispute panel, the E.U. claimed that the federal government had given Boeing $18.9 billion in non-repayable aid, while individual states had contributed a total of $4.8 billion.

The accusation follows a hearing held earlier this week to address the U.S.’ complaints against E.U. subsidies given...

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