-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
Airbus-Boeing row to benefit COMAC: France
    2019-04-12  08:53    Shenzhen Daily

AN escalation in the subsidy row involving European planemaker Airbus and U.S. rival Boeing would be senseless and serve only to benefit an emerging Chinese competitor, France’s finance minister said Wednesday.

U.S. President Donald Trump’s threat this week to impose tariffs on US$11 billion worth of European Union products, including commercial aircraft, has deepened a long-running trans-Atlantic subsidy dispute.

The United States and Europe have been locked in a years-long spat over mutual claims of illegal aid to Airbus and Boeing to help them gain advantage in the world jet business.

“A clash between Boeing and Airbus would be absurd simply because our two industries are totally intertwined, we depend on each other for a number of components,” Bruno Le Maire said in remarks at the French Institute of Foreign Relations.

“A commercial war between Boeing and Airbus will only play into the hands of COMAC,” he added, referring to Commercial Aircraft Corp. of China Ltd.

COMAC is leading China’s push to become a global civil aerospace player. In November, the company and Russia’s United Aircraft Corp. unveiled a life-sized model of a proposed widebody longhaul jet, and in December COMAC’S C919 narrowbody passenger jet completed its first test flight.

Le Maire said Europe had the means to retaliate to any U.S. sanctions on EU goods, but added: “It is infinitely preferable that together with our U.S. allies we find the path towards a compromise.” (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn