Summary
So this story is already a week old, but crucially only three weeks into the one-month appeal time. EADS has already made the tactical error of calling this (interim) result "Only Part One", when it simply can't be -- the two cases are separate and so can't be interdependent..
So what does EADS do? Appeal and underline its "Part Two" gambit or just totally ignore the reality of the huge anti-European findings and instead focus on the baloney of trying to "talk it out"? Talk, remember, is cheap.
Analysis
Sept. 3 (Bloomberg) -- Boeing Co. and the U.S. are set to win a case at the World Trade Organization over $15 billion in European government loans to Airbus S.A.S. [...], U.S. trade lawyers and former officials said.
A panel of WTO judges (be interesting to know their salaries) is scheduled to rule tomorrow on a U.S. complaint over loans that the U.K., Spain, Germany and France provided Airbus over four decades. It will be a preliminary ruling in a five-year dispute over aid between Toulouse, France-based Airbus and Chicago-based Boeing.
As highlighted in this brief roundup of global sentiment as to who came out ahead (and it wasn''t EADS), It's been an interesting time recently as the industry alternated between shooting itself in the foot and reloading.
Time to put down the weapons (not once the 787's flying, you can bet, so I suspect a lot of fast talking).
And anybody else notice how much more balanced Bloomberg's aerospace reporting has become since their Paris fiascoes? This coverage alone is a good example.
Doug McVitie consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
