Boeing urges US action over Airbus loan
Boeing has called on the United States to intervene and request transparency from the European Union regarding a $3.4 billion loan package provided to Airbus, following the European Investment Bank's announcement of the largest corporate loan in its history to Airbus. Boeing considers the timing of the loan to be questionable, especially in light of Airbus's plans to develop a new aircraft by 2030, which poses a challenge to market competition amid the ongoing trade dispute between the two companies that began 17 years ago and has been frozen since 2021. Boeing demands a review of the loan’s terms to ensure they comply with the ceasefire agreement, while Europe denies providing unfair support to its company. Meanwhile, both companies continue to develop new aircraft, and although the trade dispute remains tense, it is currently confined within negotiation boundaries.
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