EU wants Airbus case to be dropped

GENEVA: Airbus is due to urge trade experts in Geneva to throw out the case by US rival Boeing alleging that billions of dollars the aerospace consortium received from European governments amounted to “illegal subsidies.” World Trade Organisation (WTO) must decide if the money Airbus received breached international trade-subsidy rules. In a submission due to be heard Thursday by the WTO panel, the European Union (EU) conceded that Airbus received large sums from the British, French, Spanish and German governments over a period of 40 years.