Airbus To Push for Bailout

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Following last week’s disastrous announcement of further problems with the A380 superjumbo jet, word comes this week that Airbus may seek state assistance from Europe to develop a midsize carrier. This promises to up the ante on the aircraft trade war brewing between the US and Europe. The US has vowed to fight further subsidies for Airbus in the World Trade Organization. The US, of course, assists our own aircraft industry through the Import-Export bank.*

Airbus Considering a Request for State Aid
[New York Times]
*Disclosure: the linked article on the Ex-Im bank was written by Tim Carney, the brother of DealBreaker's John Carney.

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