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Airbus CEO warns trade tensions would damage aerospace firms globally

Devdiscourse News Desk | Updated: 16-05-2019 18:14 IST | Created: 16-05-2019 14:28 IST
Airbus CEO warns trade tensions would damage aerospace firms globally
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 security contract with the kingdom.  Image Credit: Pixabay

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 said Airbus was using the delay in Britain's withdrawal from the European Union to "prepare for all scenarios" and reiterated that a no-deal Brexit would be the worst outcome. 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 security contract with the kingdom.


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