Wino,
If hypothetically speaking the EU were to concede that Airbus’s subsides were to be restructured, so that soft loans and other state aid were no longer permitted, would you be willing to accept this if it was also conditional on the on the US government being no-longer able to extend the protection that is offered to US carriers using Chapter 11 as a stalling process to clearly long over due bankruptcy?
The air transport market has long been distorted by this as well.
If the US pursues this line with the WTO, I suspect that this is the line which will be adopted by the Europeans in response.
This would not be good news for either Boeing or airbus at the moment
Last edited by colossus; 23rd Sep 2004 at 18:37.