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Airbus Wants Europe To Act Against Boeing 777X Support

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straitman

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Airbus Wants Europe To Act Against Boeing 777X Support

May 19, 2014

Jens Flottau
| AWIN First




Airbus


Airbus CEO Fabrice Bregier launched a fierce attack against the tax breaksBoeing gets from Washington State and is encouraging European governments to react fast.
The day before the Berlin Air Show (ILA) opens, Bregier complained about the $8.7 billion in support Boeing negotiated for its latest wide-body program.

“I have a problem and that’s the conditions under which the 777X has been launched,” Bregier told reporters on Monday. He pointed out that the tax breaks in his view are higher than the total development costs of the program. “But there are rules in this business and tax breaks are illegal.”

The so-called Airbus ministers are scheduled to meet at the show on Tuesday to discuss the state of the aerospace industry in general and of Airbus in particular. They will also meet with Bregier for an update on the situation of Europe’s largest aircraft manufacturer.

The Airbus CEO made clear that he expects a European reaction, but he does not see the merits of another dispute in the World Trade Organization. “That will take ten years and by that time the 777X will have long entered service.”

Instead he –- half jokingly -– proposed that Europe has to come up with a similar system of tax incentives around the main Airbus sites in Toulouse, Hamburg or Filton to replicate what he believes has been done in the U.S.

“We can’t face competitors that are heavily subsidized,” Bregier pointed out. “It is just not acceptable.”
 

anat0l

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Pot meet kettle.

tl;dr - STFU and get on with the work. Preferably safely, if that is not too much to ask for.
 
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