A World Trade Organisation (WTO) compliance panel ruled on 22 September that the European Union has failed to comply with its obligation to remedy the massive subsidies European governments have provided to create and sustain Airbus for more than 40 years. Rather than comply with their WTO obligations to remedy the US$17 billion in past subsidies provided to Airbus, the WTO found that EU Member States provided Airbus with new launch aid – reportedly almost $5 billion – so they could launch … [Read more...] about EU failed to remedy 40 years of Airbus subsidies: WTO
Dennis A. Muilenburg
Boeing names Muilenburg CEO
The Boeing board of directors has elected Dennis A. Muilenburg the company's tenth chief executive, succeeding W. James (Jim) McNerney Jr, who held the position for the past 10 years. Muilenburg, who has served as Boeing president and chief operating officer since 2013, becomes president and CEO on July 1. McNerney, who joined Boeing's board of directors in 2001, continues as its chairman. To ensure a smooth transition of his CEO responsibilities to Muilenburg, he will continue working as a … [Read more...] about Boeing names Muilenburg CEO
