Airbus set to gain aid for A350

Article reports that European governments are set to agree within weeks, June 2009, on providing about €3.5bn of repayable launch aid to Airbus to help finance the development of the A350, a new family of long-haul jets.

The move supported on Monday by France, Germany and the UK reignites the bitter dispute between the European Union and the US over claimed illegal subsidies for the development of
big jets, which has already led to the most complex and longest running trade dispute at the World Trade Organisation.

BBC News, 16.6.09: Europe considers Airbus soft loan http://news.bbc.co.uk/1/hi/business/8102550.stm

---