“....the World Trade Organization issued a final ruling that Airbus enjoyed unfair subsidies from European governments.”
Well, DUH! How long has it taken the WTO to come to this startling and timely decision? Seriously, this has been known for a couple of decades. Fortunately, most folks didn’t need to wait this long for an industrial group to make it “official”. I think that maybe one or two people in the industry were unaware of this, but that figure may be a little high.
What other people think of the decision:
Airbus, in its own statement, said that the WTO had rejected 70 percent of the U.S. claims in the subsidy case. Airbus also said that the European reimbursable loan mechanism was found to be a legal part of any relationship between government and industry.
http://www.spokesman.com/stories/2010/mar/24/wto-rules-airbus-unfairly-subsidized/
And still the counter claim is pending. I think, we should wait to reach any conclusion until we self can read the case. I don't trust people like Sen. Patty Hurray.