The European Union (EU) said Thursday it had sent a report to the World Trade Organization (WTO) and the United States on eliminating all subsidies to the aircraft manufacturer Airbus.
In May, a WTO panel made a verdict ruling that EU were giving subsidy to Airbus, including aid loans, which may hurt the interests of Boeing, Airbus' main rival.
"We have always said that we would honor our WTO obligations and comply fully and on time. We have been working with the governments of France, Germany, Spain and UK, as well as with Airbus, on a series of steps," said John Clancy, EU trade spokesman in a statement.
"Through this package we address all categories of subsidies, all forms of adverse effects, and all models of Airbus aircraft covered by the WTO rulings," Clancy added.
However, Clancy declined to give any details on the report's contents, which he said were not yet public, while the feedback from WTO is expected on Dec. 19.
The American aircraft maker Boeing claimed that Airbus has benefited from 18 billion euros (24.2 billion dollars) of illegal subsidies, but it was dismissed by the EU.
Meanwhile, the WTO rejected a claim by the U.S. that financing by Germany, Spain and Britain for the development of the A380 superjumbo amounted to an export subsidy.
