Leading airlines have called on Europe and the United States to cap export credits on the sale of passenger jets at 20 percent in the latest ripple of a growing spat over multi-billion-dollar subsidies.
U.S. and European airlines say their Gulf rivals get subsidies and export credits that allow them to grow at a breakneck pace and take market share.
But Dubai is leading a vigorous defense against the charges and the head of its airport, which is home to Emirates, hit back on Wednesday with suggestions that the real problem for Western airlines was their own governments' "parasitic" taxes.
The proposal for a financing cap comes in a letter by......
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