After 16 years of litigation at the World Trade Organisation (WTO), Airbus has agreed with the governments of France and Spain to make amendments to the A350 Repayable Launch Investment (RLI) contracts, making the final stop of a long-standing dispute and removes any justification for US tariffs, a press release stated The release said Airbus made the decision to amend the French and Spanish contracts according to parameters that the WTO considers “appropriate interest rate and risk … [Read more...] about Airbus agrees to amend contracts to ease global trade woes
European Union
EU failed to remedy 40 years of Airbus subsidies: WTO
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
EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
European Union governments have given EU transport chief Violeta Bulc the go-ahead to negotiate aviation agreements with the Association of Southeast Asian Nations (ASEAN), the United Arab Emirates (UAE), Qatar and Turkey. An agreement with ASEAN will be historic as it will be the first European Union (EU) bloc-to-bloc aviation agreement. Agreements with the Arabian Gulf states are more controversial and set up a potential clash over alleged unfair subsidies to airlines based in the UAE and … [Read more...] about EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
European Union governments have given EU transport chief Violeta Bulc the go-ahead to negotiate aviation agreements with the Association of Southeast Asian Nations (ASEAN), the United Arab Emirates (UAE), Qatar and Turkey. An agreement with ASEAN will be historic as it will be the first European Union (EU) bloc-to-bloc aviation agreement. Agreements with the Arabian Gulf states are more controversial and set up a potential clash over alleged unfair subsidies to airlines based in the UAE and … [Read more...] about EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
No EU antitrust objections to €4.4 billion FedEx, TNT merger
European Union antitrust regulators have found no objections to FedEx's €4.4 billion (US$5 billion) acquisition of TNT Express, the two companies said on Tuesday. "FedEx and TNT have been informed by the European Commission that no Statement of Objections will be issued. FedEx and TNT continue to expect that the Offer will close in the first half of calendar year 2016,” the companies said in a joint statement. With a European market share of 17 per cent, the combined company would be Europe's … [Read more...] about No EU antitrust objections to €4.4 billion FedEx, TNT merger
THAI continues to operate to EU destinations
Thai Airways International Public Company Limited (THAI) announces that it will continue to operate as normal to European destinations. In a statement, THAI president Charamporn Jotikasthira said that the European Union did not list Thai Airways International in the “List of airlines banned within the EU”, despite the International Civil Aviation Organization (ICAO) posting a red flag on Thailand’s Department of Civil Aviation (Thai DCA). In February 2015, the ICAO had … [Read more...] about THAI continues to operate to EU destinations
