USTR says WTO finds $22bn in illegal Airbus subsidies

WASHINGTON: The World Trade Organization found nearly $22 billion in illegal subsidies for European aircraft maker Airbus from the European Union, Germany, France, Britain and Spain, the US Trade Representative's office said.

The USTR also said that the illegal subsidies identified by the WTO's dispute settlement panel included more than $4 billion in new subsidized financing for Airbus' new A350 XWB aircraft.