The European Union is appealing its own victory in a trade ruling against Chicago-based Boeing Co. by asking the World Trade Organization to toughen its condemnation of American subsidies for Boeing-made planes. Get the full story »
EADS
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Boeing received banned U.S. subsidies: WTO
Guests exit a Boeing 787 Dreamliner aircraft at the Farnborough Airshow, Hampshire, July 18, 2010. (Ben Stansall/AFP/Getty Images)
Boeing Co. benefited from $5.3 billion in prohibited state and federal government subsidies, a panel of World Trade Organization judges determined in a report issued Thursday.
But the total amount that will need to be remedied by the U.S. in the trade case is about half that: $2.7 billion, since the U.S. government has already stopped providing Chicago-based Boeing billions of dollars in export-related tax breaks judged to be illegal by the WTO, U.S. officials said. Get the full story »
Airbus probed in 2009 Air France crash
European planemaker Airbus was placed under investigation on Thursday over the 2009 crash of a flight between Rio de Janeiro and Paris that killed 228 people, Airbus Chief Executive Thomas Enders said.
Investigators are trying to establish why the Airbus 330 plane, operated by Air France, plunged into the Atlantic during a storm on May 31, 2009, killing passengers from 32 nations, including 72 French citizens. Get the full story »
Leasing giant orders 133 jets from Boeing, Airbus
International Lease Finance Corp, the world’s biggest plane leasing company, said it will order 100 narrowbody planes from EADS unit Airbus and 33 narrowbodies from Boeing Co., and scrap an order for 10 Airbus A380 super jumbo aircraft.
The orders from the aircraft leasing unit of insurer American International Group Inc. are potentially worth $11.2 billion at average list prices. The canceled A380 order, which had been in jeopardy for some time, was potentially worth $3.75 billion. Get the full story »
EADS concedes tanker; now Boeing must deliver
One of the longest and strangest contests in Pentagon history ended Friday when EADS said it would not contest the $30 billion contract Boeing Co. won last month to supply the Pentagon with aerial tankers.
Chicago-based Boeing won in a price shoot-out, underbidding the European defense contractor by $2 billion, EADS North America Chairman Ralph Crosby said Friday. Now comes the hard part: developing and building the aerial gas stations on a fixed-price contract with little leeway for cost overruns, analysts said. Get the full story »
Boeing considered underdog for tanker contract
Boeing Co. is the underdog to land a $35 billion contract for aerial refueling tankers that the Pentagon is expected to award as early as Thursday, analysts said.
If conventional wisdom is right, EADS North America would win its first major U.S. Defense Department deal and be the front-runner to replace the entire half-century-old tanker fleet in contracts expected to total more than $100 billion. Get the full story »
Boeing, EADS launch refueling tanker lobbying blitz
Even by Pentagon standards, it’s an eye-popping prize: a $35 billion contract to build nearly 200 giant airborne refueling tankers. And the decade-long brawl by two defense industry titans to win it has been just as epic.
In a matter of weeks — if not days — the Pentagon will announce whether Chicago-based Boeing Co. or European Aeronautic Defence and Space Company will build 179 new tankers to replace the Air Force’s Eisenhower-era KC-135 planes. Get the full story »
Airbus calls for Boeing 747-8 evacuation test
Chicago-based Boeing Co. should be obliged by U.S. civil aviation authorities to conduct an emergency evacuation test of its new 747-8 Intercontinental, a senior Airbus executive said Wednesday.
The 747-8, a stretched version of the 747-400, was rolled out over the weekend at Boeing’s plant outside Seattle. It will carry 467 passengers, 51 more than the current version of the jumbo jet, offering airlines a lower cost-per-seat mile. Get the full story »
EADS submits ‘final,’ lower bid for Air Force tanker
EADS North America said it submitted a final proposal in the politically charged U.S. tanker competition against Boeing Co. and that it lowered its price.
“We submitted what we think is a very competitive price proposal,” EADS North America Chairman Ralph Crosby told a briefing for reporters. Get the full story »
WTO finds Boeing got illegal subsidies
Plane maker Boeing received unfair subsidies from the U.S. government, according to a World Trade Organization report on Monday, and Boeing and its European rival Airbus immediately quarreled over the scale of the support.
European rival Airbus said the report showed Boeing had received at least $5 billion in illegal subsidies and was only able to launch its 787 Dreamliner with such support. Boeing denied the assertions. Get the full story »
Senators slam Air Force over $35B tanker contract
Senators from both parties lambasted the U.S. Air Force after military officials acknowledged that they’d accidentally disclosed secret data to competitors Boeing and EADS as part of their effort to award a $35 billion contract to build a new fleet of aerial refueling tankers.
At a hearing of the Senate Armed Services Committee, Sen. Claire McCaskill, D-Mo., called the incident “a debacle” and asked what punitive action had been taken. She said those involved in the error should be fired. Get the full story »
Airbus, Boeing clash ahead of WTO verdict
irbus and Boeing traded blows on Tuesday ahead of a final World Trade Organization ruling on claims Boeing received subsidies, in a tit-for-tat case brought by the European Union over similar U.S. claims against Airbus. Get the full story »
10,000th sale lifts Airbus past Boeing in 2010
European planemaker Airbus scored a surprise victory in the annual orders race against Boeing and celebrated the 10,000th plane sale in its 40-year history with a $5 billion order from Virgin America. A last-minute surge pushed Airbus past its U.S. rival for a third year as it held onto a net order market share of 52 percent in the face of a resurgent Boeing, which was hit by cancellations in 2009 due to delays to its 787 Dreamliner. Get the full story »
Airbus seen beating Boeing on 2010 orders
Airbus looks set to leapfrog Boeing and score a surprise last-minute win on orders when it unveils 2010 commercial results next week, industry sources said on Friday. Get the full story »
Lufthansa to fly Frankfurt-New York with A380
Deutsche Lufthansa AG says it will start operating flights between Frankfurt and New York City with its expanding fleet of Airbus A380 superjumbos early next year.
The airline said Monday it will start flying twice a week to New York’s John F. Kennedy airport from February 18th onward, with daily A380 flights planned by April. Get the full story »
