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Airbus CEO says all planemakers would lose from trade war


Reuters


LONDON, May 16 (Reuters) - Airbus Chief Executive Guillaume Faury warned on Thursday that any further escalation of trade tensions would damage aerospace companies globally, including arch-rival Boeing .

The United States has threatened to impose tariffs on a range of European Union goods in a transatlantic row over mutual claims of unfair support for both Airbus and Boeing .

"Trade tensions are lose-lose tensions," Faury told reporters on a visit to London.

He also warned of legal action against Germany over a ban on defence exports to Saudi Arabia that has disrupted the implementation of a border secuity contract with the kingdom.






This article appears in: World Markets , Stocks , Politics
Referenced Symbols: AIR ,




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