Boeing & Airbus claim victory in WTO case

Depending on which media source you read, Boeing won its World Trade Organization case against Airbus.  Depending on which media source you read, Airbus won its World Trade Organization case against Boeing.  Yes, that’s the idea.

Both Airbus and Boeing are declaring victories in their WTO case against each other.

U.S. officials say the ruling helps Boeing: “This definitive victory will benefit American workers who have had to compete with a heavily subsidized Airbus.”-Tim Reif, general counsel for the U.S. Trade Representative

Airbus officials say the WTO ruling upheld European loan subsidies: “…government loans are a legal instrument and that none of the government loans made to Airbus over the past 40 years were prohibited…”

Boeing reps said this is a “definitive victory” for the United States, but Airbus said “This is a big win for Europe.”

Who’s right?  The WTO looked at the allegations line by line, and voted line by line, basically splitting the difference.  So both sides think they won, when in reality they broke even.