Guillaume Faury

“This dispute, which is now an old dispute, has put us in a lose-lose situation,” said Airbus CEO Guillaume Faury, discussing what has been described as a “transatlantic trade war” over aircraft subsidies, in a recent radio interview.

Calling for a “ceasefire” in the dispute, the CEO argued that retaliatory tariffs on planes and other goods have worsened the damage inflicted on air travel by the COVID-19 crisis, referencing Washington’s imposition of 15 per cent import duties on Airbus jets in 2019 following a lengthy row at the World Trade Organization, which caused the EU to respond with matching tariffs on Boeing jets in 2020.

Expressing his concern about the damage to the industry as a result of COVID-19, the Airbus CEO also addressed the issue of travel restrictions and border closures, noting the continued and widening travel bans across Europe.

“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, adding that “the priority number one for countries in general is to reopen frontiers and allow people to travel on the basis of tests and then eventually vaccinations.” This comes as several countries, including France and Germany introduce further border controls, and pressure mounts on governments from the business sphere to reopen economies against the backdrop of vaccine rollouts continue to gain momentum.

Featured Image:

Instagram

Related

‘Best thing to come out of greylisting experience was cooperation across stakeholders’ – MBR CEO

1 December 2022
by Helena Grech

She spoke during FinanceMalta’s 15th Annual Conference.

Raylene Pollacco promoted to Chief Talent Officer at ROCS Group

1 December 2022
by Fabrizio Tabone

She previously served as Human Resources Development Manager at the company.

Continuous learning ‘calls upon us to be curious and ambitious’ – BOV Chairperson Gordon Cordina

1 December 2022
by Fabrizio Tabone

He spoke during BOV’s first graduation ceremony since the COVID-19 pandemic.

Oksana Xerri named Chief Marketing Officer at Germany-based casino company

1 December 2022
by Fabrizio Tabone

She brings over 20 years of sales and marketing experience to WeltBet.

Close Bitnami banner
Bitnami