Airbus CEO urges trade war ceasefire, easing of COVID-19 travel bans

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PARIS: The head of European planemaker Airbus called on Saturday (Feb 20) for a 'ceasefire' in a transatlantic trade war over aircraft subsidies, ...

PARIS: The head of European planemaker 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.

"We have ended up in a situation where wisdom would normally dictate that we have a ceasefire and resolve this conflict," he told France Inter.Brazil, which has waged separate battles with Canada over subsidies for smaller regional jets, on Thursday dropped its own complaint against Ottawa and called for a global peace deal between producing nations on support for aerospace.

"We are extremely frustrated by the barriers that restrict personal movement and it is almost impossible today to travel in Europe by plane, even domestically," he said.

 

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