Airbus, Boeing Said to Resist Subsidy Cuts for Backlog

Airbus SAS and Boeing Co. are pressing governments to exempt hundreds of future plane deliveries from a draft deal to cut export subsidies, two people with knowledge of the matter said.

Boeing wants customers for the delayed 787 Dreamliner to continue receiving government-backed financing until 2015 for as little as a quarter of the premiums for credit guarantees being proposed, the people said, declining to be identified because the talks are private. Airbus said it’s seeking concessions matching whatever Boeing receives.

Any exemptions would undermine efforts by four European governments, the U.S., Brazil and Canada to scale back export subsidies on commercial aircraft. With a tentative agreement now reached to increase the......

---------------------------------------------------------------------------------------------------------------------------
Visit myairlease.com for Aircraft, Engines and APUs available for Lease and Sale!
---------------------------------------------------------------------------------------------------------------------------