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7/25/07

EU calls U.S. claim of Airbus aid 'completely unrealistic'

chicagotribune.com

"EU calls U.S. claim of Airbus aid 'completely unrealistic'

GENEVA - The European Union said a claim by the U.S. that Airbus SAS has benefited from government loans of as much as $205 billion since 1967 is 'completely unrealistic.'

Chicago-based Boeing Co. and Airbus filed reciprocal complaints against one another's government financing for developing new aircraft at the World Trade Organization in October 2004. On Tuesday, the two sides held their final face-to-face hearings over the U.S. complaint against Airbus. The cases are the biggest ever filed at the trade arbiter."

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