Boeing has called on the U.S. to review the EU's billions in loans to Airbus
The American company Boeing has called on the U.S. government to demand transparency from the European Union regarding a loan package for its main competitor, Airbus. The package in question is 3 billion euros that the European Investment Bank provided to the European aircraft manufacturer.
In a letter to U.S. Trade Representative Jamison Greer, which the agency reviewed, Boeing noted that it was surprised by the EIB’s June 29 announcement, made just four days after the EU endorsed the extension of the trade truce with the U.S.
“At the very least, the timing of this loan is unexpected,” the Boeing letter states.
The company asked the U.S. Trade Representative to demand a full explanation from the EU regarding the terms of this loan and to clarify how it does not violate the 2021 truce agreement, which called for an “open and transparent process.”
This refers to an agreement between the U.S. and the EU that regulates large-scale subsidies to airlines. It was concluded to prevent competition between Boeing and Airbus from escalating into an air trade war.
The agreement prohibited government subsidies to these companies and the imposition of additional tariffs on their goods and services. It was signed in 2021 for a five-year term, but at the end of June 2026, the parties extended it indefinitely.
The EIB, however, stated that it finances thousands of companies every year and denied that it had provided Airbus with any extraordinary support.
“This is a standard interest-bearing loan that is part of the EIB’s overall financial activities,” a spokesperson for the investment bank noted.
Reuters reported this.
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