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AIR - Airbus SE News Story

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Sector
Industrials
Size
Large Cap
Market Cap £65.15bn
Enterprise Value £67.44bn
Revenue £42.72bn
Position in Universe 14th / 849

EU wants swift resolution of aircraft dispute with Biden

Thu 31st December, 2020 11:01am
BRUSSELS, Dec 31 (Reuters) - The European Commission said on
Thursday that new U.S. tariffs on EU products disrupted ongoing
negotiations with Washington to resolve a 16-year battle over
aircraft subsidies and it hoped to find a swift solution with
the next U.S. president, Joe Biden.
    The Commission, which coordinates trade policy for the
27-nation European Union, said it regretted the U.S. action,
which "unilaterally" disrupted ongoing talks about subsidies for
European planemaker Airbus  AIR.PA  and U.S. rival Boeing
 BA.N .
    "The EU will engage with the new U.S. administration at the
earliest possible moment to continue these negotiations and find
a lasting solution to the dispute," it said in an emailed
statement.

 (Reporting by Philip Blenkinsop;
Editing by Alison Williams)
 ((philip.blenkinsop@thomsonreuters.com; +32 2 585 2869; Reuters
Messaging: philip.blenkinsop.thomsonreuters.com@reuters.net))
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