Monday, March 12, 2012

Boeing and Airbus both claim victory in WTO Appeal? That can't be right...

There's been a lot of buzz about today's World Trade Organization (WTO) report, with both rival aircraft manufacturers claiming to have been the victor. Of course, both sides are spinning it in their own way.

Airbus, who less than a year ago, was found by the WTO to have received unfair government subsidies of $18 billion. Comparatively, Boeing's unfair subsidies were found to be along the lines of $5.3 billion. Airbus is celebrating the revelation of Boeing's unfair subsidies while Boeing is celebrating that their unfair subsidies were found to be less than a third of the ones Airbus received.

It's times like these where you have to cut through all the marketing being thrown by both sides and take a look at the facts. Both sides have received unfair subsidies and neither one complies with WTO standards. Airbus and Boeing are living in glass houses, but that isn't stopping either of them from throwing stones.

Hopefully the WTO can step in and make sure both sides play fair from here on out.

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