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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Airbus SE | EU:AIR | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.32 | 1.50% | 156.66 | 156.22 | 157.00 | 156.92 | 154.40 | 154.62 | 644,331 | 16:40:00 |
From May 2019 to May 2024
By Pietro Lombardi
Airbus SE has agreed with the Spanish and French governments to change some contracts to stop a long-running WTO dispute and end tariffs imposed by the U.S.
"After 16 years of litigation at the World Trade Organisation (WTO), this is the final step to stop the long-standing dispute and removes any justification for U.S. tariffs," the European jet maker said Friday.
The parties have agreed to change the A350 Repayable Launch Investment, or RLI, contracts to abide by parameters considered appropriate by the WTO.
"With this final move, Airbus considers itself in complete compliance with all WTO rulings," it said.
This decision demonstrates "that Airbus has left no stone unturned to find a way towards a solution," Chief Executive Guillaume Faury said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10
(END) Dow Jones Newswires
July 24, 2020 02:36 ET (06:36 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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