GENEVA -- Airbus has taken advantage of decades of European subsidies worth the equivalent of more than $100 billion to capture long standing Boeing Co. customers and become the world's largest seller of planes, US officials told a WTO investigative panel.
The strategy will continue to hurt the American plane manufacturer unless the World Trade Organization takes action, the United States said in opening its case alleging illegal support for Airbus by the European Union.
The European Union said the United States has failed to show how financing for France-based Airbus has led to lost sales or lowered prices.
The sides released their prepared statements late Tuesday and yesterday.
According to international trade rules, government support in manufacturing is illegal if another WTO member can prove that the subsidy has harmed one of its companies or industries.