Airbus has made adjustments to contracts with the French and Spanish governments to end the long-standing feud with the US over alleged subsidies. As a countermeasure, the Americans had therefore introduced taxes.
Aircraft manufacturer Airbus says on Friday that changes have been made to contracts related to the construction of the A350. “After sixteen years of litigation at the WTO, this is the last step to end the long running and remove any justification for tariffs from the US,” said Airbus.
The fact that Airbus now wants to end the years of struggle, has to do with the corona crisis, according to the French company. “The charges imposed by the United States Trade Representative (USTR) are harming all affected industries, including US airlines. And they further complicate the already difficult conditions caused by the corona crisis.”
According to Airbus CEO Guillaume Faury, the company had already met all the requirements of the WTO, but this is an extra step. “To show that we are doing everything we can to find a solution.” Airbus has made adjustments to its contracts with regard to interest rates and risk analyzes.