PARIS: The head of European plane maker Airbus called on Saturday for a “ceasefire” in a transatlantic trade war over aircraft subsidies, saying tit-for-tat tariffs on planes and other goods had aggravated damage from the Covid-19 crisis.
“This dispute, which is now an old dispute, has put us in a lose-lose situation,” Airbus Chief Executive Guillaume Faury said in a radio interview. Faury said the dispute with Boeing was particularly damaging during the Covid-19 pandemic, which has badly hit air travel and led to travel restrictions or border closures. He expressed particular concern about widening bans within Europe.
“The priority No 1 for countries in general is to reopen frontiers and allow people to travel on the basis of tests and then eventually vaccinations.”
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