2017-05-18 19:39:31 UTC
"U.S. aeronautics powerhouse Boeing argued at the hearing that duties should be imposed
on Bombardier aircraft, insisting its smaller Montreal-based rival receives government
subsidies that give it an illicit toehold in the international market."
No, really? It's really all just a big game...
"In a landmark trade ruling, the World Trade Organization will this afternoon find Boeing
has illegally benefitted from billions of dollars from the most anti-competitive type of
These so-called 'prohibited' subsidies are considered the most serious form of anti-
competitive practice as they require an undertaking from the company in receipt of them
to promise not to operate in other jurisdictions.
You can have the money if you promise you won't open plants elsewhere - in this case even
in another US state.
This particular subsidy was offered by Washington State - home of Boeing's vast Everett
and Renton plants - and covers the development of its wide bodied 777X aircraft."