Boeing asks US to intervene over record EU loan to Airbus
BA•EIB says the loan is normal financing
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)
Boeing seeks U.S. action on EU loan transparency
FARNBOROUGH, England, July 21 (Reuters) - Boeing BA.N 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".
