first_img KCS-content BOEING chief executive Jim McNerney yesterday said he was heartened by a World Trade Organisation (WTO) ruling on aircraft subsidies, saying it appeared the findings against his company were not as severe as those against Europe.A Geneva trade panel issued a confidential interim report on Wednesday in a case brought by the European Union against US federal and state aid for Boeing, in the biggest bilateral trade dispute ever before the WTO.The report found that Boeing benefited from US federal and state subsidies, but US sources said it was to a much lower extent than its European adversaries had suggested.“It is too soon to determine whether Boeing will challenge the ruling,” McNerney told reporters“I don’t think we’ve gotten to that point,” he said.The European Union said on Wednesday it had won a victory against US subsidies for Boeing that it hoped would set the stage for a negotiated settlement that would allow European governments to continue to help Airbus develop new aircraft.The ruling followed WTO condemnation in June of illegal European subsidies for Boeing rival Airbus, mostly in the form of European government “launch aid” loans.“What we have heard …is fairly heartening in terms of the proportionality of things that were found in the case against the US when compared to the case against Europe,” McNerney said.“Launch aid” loans are European government loans that help Airbus develop aircraft. The WTO ruled past loans were illegal subsidies, although it did not rule on future loans. Boeing cheers subsidy ruling Share Thursday 16 September 2010 8:52 pm whatsappcenter_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more