Airbus: EU-US trade dispute ‘not supportive to any of the players in aerospace’

    Airbus CEO Guillaume Faury said trade disagreements between Europe and the US are “not supportive to any of the players in aerospace” and while he does not believe Airbus would be “losing more than the other guys in that situation”, the company thinks the disputes “should be resolved in one way or another that enables global businesses like aviation to continue to grow” (Reuters, 16-May-2019). As previously reported by CAPA, the US has threatened to impose tariffs on European imports, including large commercial aircraft, following a World Trade Organization(WTO) ruling that found some US support for Boeing violated international competition rules. In response, the European Commission stated it would impose retaliatory tariffs on US imports, including Boeing aircraft. Both the EU and the US have cases in the WTO over subsidies to their commercial aircraft manufacturers. Meanwhile, Mr Faury said the company’s is using the deferred Brexit to “prepare for all scenarios”, and the “long lasting lack of clarity” surrounding the potential of a hard Brexit is a “distraction”.