Boeing urges US to seek transparency on €3 billion Airbus loans from EU

FARNBOROUGH, England: Boeing has asked the U.S. government to press the European Union for transparency over a package of €3 billion ($3.43 billion) of loans to Airbus, resurfacing ‌potential ⁠trade tensions ⁠days after the two sides extended a tariff truce over jet subsidies.

In a letter to U.S. ​Trade Representative Jamieson Greer, seen by Reuters, Boeing said it had been surprised ​by a June 29 announcement ⁠from the ‌European Investment Bank, the EU ​lending arm, ​just four days after the ⁠EU backed the truce extension.

It asked the USTR to request a "full accounting of the terms of this loan" from the EU and to explain why it was compatible with the 2021 truce agreement, which called for an "open ‌and transparent process".


The EIB said it finances thousands of companies every ​year and denied ​offering Airbus ⁠any unusual support.

"This is a normal loan, carrying interest, part of the EIB's overall financing ​activity," a spokesperson said.

Airbus and Boeing declined comment.

The USTR and European Commission did not immediately respond to requests for comment. ($1 = 0.8754 euros)