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European plane-maker CEO feisty, confident

European plane-maker CEO feisty, confident
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“Airbus does not get handouts”, that is the difference between it and Boeing, according to the Chief Executive Officer of Airbus parent company European Aeronautic Defence and Space.

EuroNews interviewed Philippe Camus on the sidelines of a research foundation launch in Paris. “We pay back loans but around 60% of Boeing’s financing is subsidies. They are breaking the 1992 accord in accepting aid from various states (also in the form of tax breaks for suppliers). It is not acceptable. There will have to be a solution on that. Our goal is clear: we want fair conditions in which to compete throughout the world, wherever we make commercial aircraft,” Camus said. The 1992 EU-U.S. agreement set out terms for the two companies to receive direct or indirect state aid to build planes with more than 100 seats. Then, Boeing was the world’s dominant aircraft builder. It still enjoys financial support from the U.S. Defence Department and NASA, though it says this does not amount to subsidies.