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by Douglas Bakshian A senior U.S. Atlantic trade dispute over subsidies to rival aircraft makers Boeing and Airbus could be continued.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free. Print This Page April 5, 2005 (AXcess News) A senior U.S. Atlantic trade dispute over subsidies to rival aircraft makers Boeing and Airbus could be continued, with the original deadline for the talks to end just one week away.The United States wants the European Union to stop providing loans to help Airbus develop new aircraft. Brussels says Boeing profits from aid through federal contracts, tax breaks from Washington State, assemblies in Japan.

Software Tax A senior U.S. official says negotiations to end a trans-Atlantic trade dispute over subsidies to rival aircraft makers Boeing and Airbus could be continued.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free.

The price of the deal was not disclosed, but could be around $4 billion. Japan Airlines is expected to receive its first Boeing Dreamliner in 2008. Boeing ( BA) and European rival Airbus were competing for the Japan Airlines deal. Boeing and Airbus have been battling in recent months to win contracts with Asian airliners.Boeing recently reached a deal with Japan's All Nippon Airways, while Airbus inked a contract with Malaysia's AirAsia.

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Tax Help April 5, 2005 (AXcess News) Luxembourg - A senior U.S. official says negotiations to end a trans-Atlantic trade dispute over subsidies to rival aircraft makers Boeing and Airbus could be continued, with the original deadline for the talks to end just one week away.The United States wants the European Union to stop providing loans to help Airbus develop new aircraft. Brussels says Boeing profits from aid through federal contracts, tax breaks from Washington State, and Japanese government support for wing and fuselage sub-assemblies in Japan.

month negotiation period.Airbus recently passed Boeing as the world's largest maker of commercial aircraft, putting more pressure on the subsidy issue. Both companies will be in sharp competition over two new aircraft, the Boeing 787 regional jet and the Airbus A350.

Help Tax Washington and Brussels agreed in January to set aside competing cases at the World Trade Organization over the issue, and to try to negotiate an agreement to eliminate subsidies by April 11.

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Ernst Ernst Guide Guide Tax Deputy Secretary of State Robert Zoellick held talks on the matter at EU headquarters in Brussels. Afterwards, he left open the possibility that the negotiations could be extended, but said the United States would press its case at the WTO if the talks fail.

Tax Return "If need be were willing to continue the standstill beyond the 90-day period if the European Union can follow through on those core principles agreed to in January," he said. "But if not, that is what the multi-lateral system is for."

Return Tax Both sides agreed to freeze subsidies and litigation in January when they set the three-month negotiation period.Airbus recently passed Boeing as the world's largest maker of commercial aircraft, putting more pressure on the subsidy issue. Both companies will be in sharp competition over two new aircraft, the Boeing 787 regional jet and the Airbus A350.

Guide Guide Master Master Tax Meanwhile, Mr. Zoellick played down speculation that a legal battle over the subsidies at the WTO could cause problems with other important issues coming up in the Doha round of world trade talks.

Tax Preparation "This talk that it would interfere with the Doha agenda, its not talk that I would subscribe to," said Mr. Zoellick. "We had disputes over the past four years and commissioner Lamy and I managed to handle some pretty tough ones whether it be steel ... or other topics. And yet work closely together on the Doha agenda as well."But the European Union's Trade Commissioner, Peter Mandelson, has said it would be a mistake to ask the WTO to decide the Boeing-Airbus case.

Preparation Tax Source: Voice of America

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