The Art Of An Aircraft Deal: Is WTO Resolution Possible?
For 16 years, Airbus, Boeing, Europe and the U.S. have been warring in the World Trade Organization (WTO) over government subsidies to the OEMs that make large airliners. Both sides have won in court, and last year Washington got the green light to collect up to $7.5 billion in penalties. But by May or June, the WTO will announce how much Europe can collect in return.
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Cathay Pacific parks half its fleet and slashes nearly three-quarters of March flights as coronavirus epidemic hammers global aviation industry
- Hong Kong's flagship airline keeping 120 planes out of the sky at any one time
- Bosses say move is in response to market demand as fear of travelling increases
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